NeeteshJain
Long

KPIT - Strong Breakout and Sound Fundamentals

BSE:KPIT   None
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%
(Resources: screener.in)

Short Term View:
T1-134
SL-126

Long term View:
T1- 180 (38%)
SL-120 ( 7%)
Oct 24
Trade active
Oct 25
Trade closed: target reached: T1 reached successfully. Now, it shall further move up to 136 levels.
Oct 25
Trade closed: target reached: T2 at 136 reached successfully. Thanks
Nov 21
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
Reply
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.
Reply
NeeteshJain aseem12321
@aseem12321, Sometimes, technical indicators not work properly once a stock is trending, which is what happened in this. Thanks
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out