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KPIT Tech: Is This High-Conviction Pattern Set to Deliver?This is purely a technical play in NSE:KPITTECH The chart is showing a high-conviction inverse head and shoulders pattern, suggesting a potential bullish reversal. A volume breakout and close on a lower timeframe above 1882 could provide a solid entry point. For this trade one can maintain a strict stop loss of 1790. The targets to aim for are 2054 and 2105, which align with the expected move from this setup . This is a short-term trade idea, but monitor price action and volume for confirmation of the breakout. Additionally, consider any other technical indicators or tools that could further validate this setup. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risks and is not suitable for everyone. Always conduct your own research and consult with a financial advisor before making any investment decisions. The author is not responsible for any losses incurred.
NSE:KPITTECHLong
by sandeshprabhu85
8
Eicher motors: Good stock for buying but needs confirmationsEicher motors has come up a long way from recent bottoms. It is still a strong candidate but needs confirmations. Scenario 1: It can retest its support bed (although week) range 2012-2065. If we see strong rejections from bulls then we can enter the positional trade. In this case the trade should be placed as follows:- Entry: 2050-2100 Target: 2400 - 2900- 3168 SL: 1990 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Scenario 2: If it breaches its current monthly resistance placed at 2201 strongly with larger candles going beyond 2250, then the trades should be placed as follows:- Entry: 2273 Target: 2400 (we need to again check for further target confirmation going towards 2900- 3168) SL: 2200 Keep following for the confirmations
NSE:EICHERMOT
by shikhagupta2589
6