KPIT - Strong Breakout and Sound Fundamentals

It has been observed that the price action breaks above the consolidation triangle indicating buyers comeback and further move up. The company is fundamentally strong and sounded.

Key Ratios:
Market Cap: 2500 Cr .
P/E: 11.65
CMP /BV: 1.53 times
Debt to Equity: 0.24 times
Operating Profit Margins: 10-12%
ROE: 14.75%

Short Term View:

Long term View:
T1- 180 (38%)
SL-120 ( 7%)
Trade active
Trade closed: target reached: T1 reached successfully. Now, it shall further move up to 136 levels.
Trade closed: target reached: T2 at 136 reached successfully. Thanks
Comment: Almost reached to the long term target.


Very good call !!!!!!!!
+2 Reply
NeeteshJain ShanTrader
@ShanTrader, Yes, it did so well that reached its long term target within few weeks. Strong bull trend in placed. Thanks
Hi, I think it is a Short now. Double Top + Evening Star.

Also, I think the company is not fundamentally that strong. OPM < PE. And PEG>1. Let me know your thoughts.
NeeteshJain aseem12321
@aseem12321, Sometimes, technical indicators not work properly once a stock is trending, which is what happened in this. Thanks
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