KPITTECH trade ideas
KPIT ON THE URGE OF BREAKOUT AS ON 28-6-2021KPIT TO MAKE A BREAKOUT AS IT IS SHOWING THE FOLLOWED PATTERN FOR A LONG POSITION
KPITTECH Analysis 23 June 2021Its Mid week and W TF is not complete but still I can see Tug Of War between buyer and sellers at current levels.
Proper Stage Structure in place in D TF.
EMA analysis is positive and price is above Key MA and maintaining so since long time.
Further Upside expected as the Structure of NSE:CNXIT
is also showing a BreakOut.
KPIT- breakoutThere is a breakout that is about to happen once the candle stick close above the resistance line and the next candlestick starts from the closing of the previous candlestick which is going to confirm the breakout for the script. Take positions according to your analysis after the breakout is confirmed. Never to forget to apply requisite SL to avoid whipsaw by uncertainty of the market.
Ascending triangle in KPITTECHNotes:
Can confirm a breakout above 254 (or a breakdown below 238).
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Ready for a Big MomentumThe stock is forming a pennant pattern near 250 level which is major psychological resistance.
Multiple upper shadows towards and above 250 level with rising buying volume.
Stock is also perfectly validating its 20MA
Intraday Trade: watch for resistance breakoutbuy above 250 when it break its previous swing high
For Stoploss use 5 minute chart and see nearest support.
for target also use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
KPIT, LongAscending triangle pattern with higher lows Long can be taken after it gives breakout with good volume.
KPITTECH Short : Short Term BearishSHORT BELOW :
207.25
Target 1: 202
Target 2: 197
Target 3: 190
SL : 219
Risk is yours and Reward is too yours totally.
Logic :
Higher Delivery QTY and Delivery % on 11/5/2021,
They are trapped below 207.25
Because Shooting Star Candlestick formed on Top of Daily chart and in uptrend.
Leading Indicators are extremely overbought.
It indicates profit booking stage...
Very Bullish : Go LongVery good fundamentals & looking good on technical chart considering higher high & higher low trend. Can expect good move post results considering the EV area.
KPIT TECHNOLOGIESFirst 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 .
KPIT LONGIt was consolidating for a long time now after giving a breakout it has retraced back and again continuing its uptrend, One can go long as it can create new highs as there is no resistance above current levels except from where it reverses back that is somewhere around 176 levels
KPITTECHPoints 1 & 2 marked on RSI are forming a Hidden Bullish Divergence.
Same points are marked on the price chart and extended the line, marked as A
At point 3, candle has taken the support on extended line A
Also we can see that price has formed a rectangle box pattern makred in green and has given a BO from that channel
BO is supported by very good volumes.
Holding 130 as a SL, stock is good to enter on retest or pullback.
KPITECH - BreakOut in both Daily and weekly TFKPITECH - today gave good BO in both daily and weekly TF.
Now at ATH, if the market supports it can give a good upmove in the coming days.
#KPITTECH Saucer with handle breakoutEarlier breakout was with cup and handle.
Now again breakout with sauce and handle.
It was a good opportunity.
#KPITTECH
KPITTECHCup & Handle Pattern Visible on Daily timeframe , may see tgt of 170
Abv 155-156 Easy 170+
Also BO with high Volumes
Above Chart is for Study Purpose Only....
Breakout in KPIT TechnologiesFlag pattern breakout on daily chart. can be taken as short term or swing trade at CMP.
