Kpittechnologies
KPITTECH shows a promising future. Good fundamentals as well.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 movement expected towards the upside if 140-142 levels are held.
KPITTECH | CHART#12KPIT Technologies Ltd. provides software for the Automobile and Mobility Industry. It operates through the following segments: Product Engineering Services and Product Organization.
*Stock Analysis*
-- Short-term trend of the stock is positive where it is trading above its 20-day SMA
-- Good Demand Zone in the range 90-100
-- RSI Indicator above 50(on Daily chart) shows a buy sign
-- Once it touch 120 level there is a possibility of retracement to 100 levels
*Important Levels to Watch*
-- Entry @ CMP or on dips
-- Target @ 120
-- SL @ 98.5
Good Luck Investors❗
-GokulHari
Kpit technologiesKpit has broke it's previous resistance on to a trendline. It broke and then retested at its level back. Now started again it's move . There was a strong pullback and had started its upmove with a strong candel on a upside. Short term target is 185 as per fibo levels and gann levels both
KPIT Technologies | SHORTKPIT 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.
KPIT monthly chart support - At multi year supportKPIT monthly chart support - At multi year support
KPIT/ GOOD LONG/ ENTRY ABOVE 233/ STOP LOSS 222/ TARGET-245-275KPIT LOOKS GOOD LONG ONLY ABOVE 233 WITH A STOP LOSS 222 FOR TARGET-245-260-275
FOR EDUCATIONAL AND STUDY PURPOSE ONLY.