How to Trade KPITTECHHow to Trade KPITTECH
📊 Technical Overview:
Current Price Action: KPITTECH opened at 1212 and closed at 1283, indicating a bullish movement. The stock is showing a Bullish Engulfing pattern, suggesting a potential continuation of the upward trend.
Key Indicators: The stock is above its 50-day EMA (1254.2) but still below the 100-day EMA (1318.49). The 200-day EMA (1391.85) is further away, showing that the stock is in a short-term bullish phase.
Volume Analysis: A rise in volume (1379368) compared to the previous day's volume (894504) highlights growing interest in the stock.
🔍 What to Watch:
Resistance Levels: Watch for possible resistance at R1 (1309) and R2 (1334). If the stock manages to break these levels, it could test R3 (1383).
Support Levels: On the downside, S1 (1235) and S2 (1186) could offer support. A move below these levels could lead to a further pullback.
Bullish Patterns: A strong bullish candle and Bullish VWAP suggest positive momentum.
🧠 STWP Insights:
Momentum to Watch: The RSI breakout and Bullish Momentum indicators are signaling potential for a strong move upward. Consider watching for a breakout above 1309 to take advantage of the momentum.
Swing Trade Potential: With the stock trading above the 1254 support, a continuation toward R1 (1309) could be possible, offering a potential swing trade opportunity.
📌 Disclaimer:
This post is for educational and informational purposes only. It does not constitute investment advice or a recommendation. Please consult your financial advisor before making any investment decisions. STWP and this post are fully compliant with SEBI regulations and promote responsible market learning.
