KPITTECH at make or break level.#kpittech - At a crucial Support region.
- Fell out of the rising wedge with huge volume.
-Fell out of a base with huge volume. Implying a
potential stage 4
- Support zone tested several times.
- Stock used to trend smoothly taking support at 200
DMA. Which is broken now.
- 1300 levels are not held then the possibility of
testing 1K region.
Looking for reversal is now not wise. The market is sell on the rise. Any long-term investors itching to buy the dip can consider adding a very limited quantity at 1300 region.
As of now looks very weak. It would be great if we get it at 1K level. I am not a fan of short selling but if anyone is good at that then keep this on radar.
This is just a view please do not take a decision without consulting your financial advisors. Chart shared is just for educational purposes.
