psumita108

KPIT- breakout

Long
psumita108 Updated   
NSE:KPITTECH   KPIT TECHNOLOGIES
There is a breakout that is about to happen once the candle stick close above the resistance line and the next candlestick starts from the closing of the previous candlestick which is going to confirm the breakout for the script. Take positions according to your analysis after the breakout is confirmed. Never to forget to apply requisite SL to avoid whipsaw by uncertainty of the market.
Comment:
As We witness that the resistance level is quiet strong enough to push back the moment. You need to understand that the stronger the resistance, stronger is the movement at the breakout. stay on more details will be updated soon
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.