KPIT
BTST IN KPIT TECHBTST IN KPIT TECH
AUGUST FUTURES
DOWNWARD TRENDLINE BREAKOUT
BUY@295.5
STOP@292
TARGET@299.5
LOT:4000
QTY:1
buy KPIT at 285 half qty and avg at 275 with sl 260 for trgt 300NSE:KPIT is trading around its 20DEMA at 285... i have purchased half qty at 285.40 ... will average at 275 (50DEMA) with stop loss of 260 (below previous swing low)... target is 300++ within a month
tech m , weekly levels the stock had not performed yet , and is one of the most badly beaten stocks in the IT sector thus , now to maintain the index the stock need to perform and current structure as far as its above 650 looks very well!
Short KPIT - Double Top + Evening StarKPIT has a high PEG ratio of 1.48. This means the fair value of the stock is around Rs 100.
Technically, it is forming Double Top + Evening Star.
Good candidate for short if the next daily candle opens below today's low.
Target T1: 127
Target T2: 115
Long Term Target: 108
SL: 139.5 (Today's high)
KPIT - Strong Breakout and Sound FundamentalsIt has been observed that the price action breaks above the consolidation triangle indicating buyers comeback and further move up. The company is fundamentally strong and sounded.
Key Ratios:
Market Cap: 2500 Cr.
P/E: 11.65
CMP/BV: 1.53 times
Debt to Equity: 0.24 times
Operating Profit Margins: 10-12%
ROE: 14.75%
(Resources: screener.in)
Short Term View:
T1-134
SL-126
Long term View:
T1- 180 (38%)
SL-120 ( 7%)
KPIT BreakoutKPIT is respecting the neckline for four months now.
Currently on the neckline, waiting for breakdown/reversal.
KPITThe stock recently moved above 200 day moving average after long period.
This move comes with good volumes and strong candlestick pattern.
Also the stock has broken its counter trend-line.
If the stock sustains above the 200 day simple moving average, then 10 % move is possible.
Keep the stop below the low of recent candle.
Risk to reward of 2.4. NSE:KPIT
KPIT long Entry with Good Profit PotentialThe Stock seems to have formed the bottom and being accumulated, Buyers/Investors find that it cheap at current price level thus buying emerges. One can enter now with small Stop loss entry which offers decent risk to reward ratio.
