KPIT Technology is one of the leading IT shares in India. I had also identified and posted it just before its recent rally.
Here is a more detailed run through of the price action.
It demonstrated a very clear support at EMA 50 level and a fairly clear Resistance level.
This was further supplemented with a double bottom pattern and rising volume levels - Clear...
KPITTECH has bounced from EMA 50 on multiple occasions before.
Presently, Bounce is also synced with the Trend Support and MACD Divergence has been decreasing as well.
Upside Movement is expected if it keeps trading in this channel.
This is not a financial advice. To be used only for Learning purposes.
Thank You :)
strong financials ;
zero debt ;
quarter on quarter increase consistent increase in bottom & top line factors ;
Promoters Decreasing pledged shares ;
As well seeing growth in IT sector, business gonna Flourish in coming time.
Use this support levels for decision.
result will be announced on 29 july
stock trend is up
today shown move recovery from lows of approx two percent
holding imp level of 1100 mark
also stock is sideways from 3 days after a good upmove 3 day back !
i see trend continuation in stock going ahead
First entry at 180.90 (risky entry) and second confirmed entry at 183.80 (going long for one week).
Kpitech is sjowing strong volumes from back days and is standing still even in this volatile and negetive markets .
A promising future due to Govt's view on EV segments, a strong business model with clients such as BMW (source Wikipedia).
My analysis for reference and study, invest only after an analysis from your side. This is not investment advice.
The stock has been consolidating for a while on the upside, a good volume has been on the spike recently.
A strong bullish...