KPIT TECH - SWING TRADE IDEAKPIT TECH - SWING TRADE IDEA
1. It breaches the symmetrical triangle pattern upwards...
2. Short-term target will be 560.
3. Disclimar - Stock still in negative bias, It will be positive only when it crosses the primary trend line support.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
Kpittechnologies
KPIT for Short TeamChart -> KPIT TECH Daily
After a good downtrend, KPIT has given a symmetrical triangle breakout with a volume pop-out.
CMP: 534
Target: 574, 600
SL: 510
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
KPIT TECH - Long-term Analysis KPIT TECH - Long-term Analysis
1. Breaks primary trend downwards, is a negative sign.
2. Now in a long unwinding phase.
3. Waiting for the breakout movement.
4. If it breaks upward means I have sudden resistance/support point at 570.
5. Only positive when the stocks open and close above 570.
6. Otherwise I will be in negative sentiment for a long time.
7. Next support is at 450 and 370 respectively.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
KPIT Technologies - Break out zone to look for...Currently the price is in a narrow price range. Good buy range between 608 and 623.
Follow strict stop loss of 5-8%, depending on your risk management.
Can also see formation of ascending triangle pattern and breakout above 608.
Targets of 675, 743 and 801 are placed at key support and resistance zone.
Bullish above 801 and can see probable target of 1260 in the long term.
Read my previous analysis here:
KPIT looks goodChart -> KPIT Tech 4 hours
Volatility Contraction Pattern breakout above 608 in KPIT has been given by the stock.
CMP: 623
Target 1: 675
Target 2: 735
Stoploss: 568
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
KPIT is at support can give up to 80% returns good for Long termI will buy KPIT because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 470
Target : 870
Stop loss : 400
What's up with KPIT?KPIT has delivered stellar returns to the investors in the past two years. Stock is currently trading at the support level of a Descending triangle pattern. If it closes below the 600 level, it can fall further to 500 levels. However, if it breakout from the pattern, it can reach its previously high levels.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading
KPIT - A very short swing idea in EV themeChart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
kpittechNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
The Trend in the Bend - EMA + Price ActionKPIT 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 entry signals
Also, knowing that the EPS of the company has been consistently growing without unreasonable price increase, helps to strength the conviction.
I personally find EMA very helpful for pullback levels and they are fairly effective in a healthy upward trend.
EMA is basically the Exponential Moving Average of the share price over a period of days.
Traders use various EMA levels for identifying bounce back levels and pullback zones for re entry.
Normally EMA 9,21 are used for short term trades, which basically means exponential average over a period of 9 days and 21 days.
Furthermore, EMA 21, 50, 100, 200 are major ones I prefer to keep a track of.
EMA might not be very helpful in a sideways market, but when combined with a clear Support - Resistance level and Volume Analysis, it can be a helpful tool.
I hope you enjoyed reading this abstract.
Drop a like if you did and follow for similar updates.
Let me know what you think about it in the comments below.
Thank you :)
EMA 50 - Strong Support BounceKPITTECH 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 :)