KPIT falling from new highs has filled earlier gap up and now trading the gap area. Below 204.7 some buy stops has accumulated and in this week a test to knock off the stops and move is possible. Any test and close above 204.7/203.4 is area to watch to add longs.
Entry: test and rejection of 204.7/203.4 whichever comes first
SL: below 196
Target: 209.5/213
Disclaimer: I’m no means a financial ad visor, I m just a Meyer trader. So consult your financial adviser before taking trading decisions.