KPITTECH trade ideas
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.
Long upmove expected , 1st Tgt 10% The stock has tested its resistance a several times, if it closes above the resistance a quick move of 10% can be expected, which will be its 1st Tgt. Probabilities are high since the volumes in the recent times have increased tremendously.
KPIT TECHNOLOGIESDisclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
can be considered for swing, resistance brokenkindly put strict stop loss, seems like sustaining above the resistanve
Big breakout in kpittech..!!1
****Disclaimer****
Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets out of CHIPS...!!
KPIT TARGET UPDATE 4-9-2020look fresh in range 78-85 for upside target 100 intact.. Refer chart for more details..
KPITTaking multiple supports at the 20 DMA and stock correction happening on low volumes, probably consolidating by eliminating weak hands. Bearish Doji has formed on Daily charts and trade confirmation on trend reversal expected. Will watch the charts for a potential breakout.
KPITTECH EtStockRecoAnand Rathi: Buy TP 110
No fresh buys as we have two upper trend channel lines standing in th way of target.
Buy at trendline only when tested with bullish reversal bar.
Channel Breakout in KPITTECHMinor dips in the stock would be a good opportunity to get into the stock.
Target : 105 and 120. SL : 89
ULTRA SHORT TERM PICK (15 DAYS to 2 Months): Possible 20% - 30% ULTRA SHORT TERM PICK (15 DAYS to 2 Months): Possible 20% - 30% upside. Looking at chart it shows great strength for upside. Enter above 98 with confirmation on a day or two. We can see 120/140 on cards.
