KPIT Technologies : Price analysis
Short term target of 662.
The stock can consolidate in the near term.
However, upward movement above 662, supported by volume, RS and price movement staying above the 21 EMA will help stock stay strong.
Always keep a stop loss of 5-8%.
The stock can consolidate in the near term.
However, upward movement above 662, supported by volume, RS and price movement staying above the 21 EMA will help stock stay strong.
Always keep a stop loss of 5-8%.
Trade closed manually:
The stock has breached the important support zone of 531 and has been under weakness.
Comment:
After breaching the support zone, the stock has bounced back with strong volume from around the 100 EMA. Given the volatility in the market, it is prudent to wait and watch.
