With election results also out, there is hardly any indication that the correction in IT is over.
KPIT has been struggling around 265 levels.
I can see a Negative Divergence and a couple of candles around the top.
Looking for shorting opportunities in this stock with a stop loss near 270 and first target around 235 levels.
(However, keep an eye on the result to be declared on May 23)
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.