KPIT Analysis! Ascending triangle!!

KPIT Weekly Analysis

Ascending Triangle Pattern Formation in KPIT

KPIT has made Ascending Triangle Patern on Weekly Timeframe. KPIT has giver breakout at it's resistance level and trying to retest the level to establish the support over there. 805-829 is the support zone range. Price may take support at this zone and move further up towards our projected profit.

Trading Psychology - Aggresive investors can initiate buy at current price level and Conservative investers can initiate buy above 945 levels.

Entry - Current Level or Above 945
Taregt - 1992.35
Stop Loss- Below 737.25

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Disclaimer - All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2)Do your own research and analysis 3)Define your Risk to Reward ratio 3)Don't trade with full capital

Avinash K.

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