GokulHari

KPIT Technologies | SHORT

Short
GokulHari Updated   
NSE:KPITTECH   KPIT TECHNOLOGIES
KPIT Technologies looks weak in Daily charts. KPIT rallied along with the support of other IT majors.

22 points profit booking already done in the past 10 days.

Money Zone is around 90-100

All Time resistance is at 117. If it respects the line, it can fall up to 100 and further to 90 and will oscillate in the 90-100 range.

Watch out for any news that supports the breakout of 117 range in the days to come.

Comment:
Broke 150 day SMA.

Technical Indicators are bearish.

Overall outlook is Neutral.

Watch out for support at 100.
Trade closed: target reached:
Target in range 90 - 100 reached
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