KPITTECH trade ideas
KPITKPIT
Near resistance
Bullish Structure
Near 745-735 good entry for longs in ShortTerm
Keep an eye
KPITTECH OUT OF Cup& Handle formation- After a Good run up the stock went into the consolidation.
- Took support of Fibo 62%
- then formed the Cup and Handle
- There can be seen good volatility contraction in the handle
- A good volume weekly closing above the neck line of the pattern.
This IT midcap stock is soaring to new all time highs!NSE:KPITTECH
KPIT Technologies is a tech giant that specializes in computer programming, consulting and other related services. A specialist in embedded software, AI, and digital solutions, it helps companies adopt next-generation mobility tech. The company has R&D units throughout Europe, the United States, Japan, China, Thailand, and India.
Quarterly Y-o-Y sales, net margin and EBITDA have shown 40-50% growth in the past year. However, the margins have not shown much growth.
ROE and ROCE have been well above the cost of capital in India at more than ~20%.
Promoter holding is healthy with negligible pledging.
With consistently higher dividends, the company is expected to post good results in the coming quarterly earnings.
Stock price has jumped about 40 per cent in the last six months and tested a new all-time high today. Evidently the stock price is showing great relative strength compared to Nifty which has been in correction since many weeks.
Source: tickertape.in, screener.in
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
KPIT Tech Cup n Handle Breakout.KPIT has given a breakout from a cup-n-handle pattern and has a 30% upside potential. Can enter with an SL of 7-8% which is below 725.
Perfect cup and handle patternAfter a long consolidation, the chart has a higher probability of breaking out. This is only an educational chart and is no way a recommendation. Please study and consult your financial advisor.
Kpit Tech Weekly Chart Analysis Kpit Tech Weekly Chart. Stock Forming A Cup & Handle pattern Breakout.
C&H formation and BO of it.#KPITTECH
1. C&H pattern BO
2. In Monthly tf it is a 3 months consolidation BO
3. Tight Volatility contraction during Handle Formation.
4. RSI is Strong in all bigger tf.
Negetives
1. ATH resistance Nearby.
KPITTECHIn Daily chart of KPITTECH, we can see that it has given breakout.
Let it retest and then enter with strict SL.
KPIT technologiesPrice has taken support and broken the trend line resistance. Buy above 695 with the stop loss of 690 for the targets 700, 706 and 712. Sell below 685 with the stop loss of 690 for the targets 680, 675 and 670.
KPIT Forming a CnH and BO#KPIT looking very good and forming a bookish CnH. Can be taken for 30-40% upside in midterm.
CMP 716
KPIT in news all positive reasons also moving to Midcap.
KPIT Triangle Pattern on Dailyit is forming triangle pattern on daily chart.
forming symmetrical triangle pattern, 100 points movement possible as per pattern.
KPIT on ConsolidationGet ready for next rally over 730 , trying to create rounding bottom
keep it on your watchlist!
KPIT (D)KPIT taken trendline support and managed to close above 700 in a poor market. amazing structure on weekly. Keep this in watchlist. Above 735 level is something to watch
Kpit Technology BIg Resistance Of Kpit Technology And Of Triangle Pattern My Expectation Big Break Out And Big Move And Follow Me Of New Chart Analysis And Press Rocket
KPIT tech.A social media favourite stock but noone is talking about it at the moment. An upside breakout is likely and could cross 4 digit mark in the coming days.
KPIT Long view This view is for investors and not for traders . KPIT is forming cup and handle pattern and respecting all support and resistance levels . Once it crosses 760 it can reach to anywhere between 1000 + levels in short term. This analysis is for learning purpose and not for buy or sell call .
KPIT LONGKPIT has shown a relative strength in IT index. Trading near its ATH, ready to breakout its CUP & HANDLE PATTERN on daily as well as weekly time frame.
BREKOUT ABOVE 765
TGT 1- 872
TGT 2- 1058
KPITTECH - Ichimoku Bullish Breakout Stock Name - KPIT Technologies Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 735
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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KPIT: Symmetrical Triangle Breakout ReadyNSE:KPITTECH is almost completed the pennant pattern (symmetrical triangle) creation.
Ready to go up or down based on which direction is breaks. Most likely up.
Trade: Buy above 695, SL: 661, 800 (Positional)
KPIT GOOD TO ADD IN WATCHLISTNSE:KPITTECH
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
KPITTECH_Rounding Bottom?KPITTECH Seems like a Rounding Bottom not yet activated. If price sustain above the 750. It will move higher. refer the target.
