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KPIT TECHNOLOGIES LTDKPIT TECHNOLOGIES LTDKPIT TECHNOLOGIES LTD

KPIT TECHNOLOGIES LTD

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KPITTECH trade ideas

SWING TRADING OPPURTUNITY IN KPITECHNOLOGY Today we are taking a look at KPI TECHNOLOGY. As we can see in the DAILY TF that the price is taking support at the ema .In this case we use the EMA of 30.We can also see in the past that the price is taking support at the 30 EMA multiple times. MOVING AVERAGES is a very powerful indicator. Price always tends to rise after taking support on the ema. As we are close to the ema the RR is also good at a ratio of close to 1:3. THE PRICE HAS BEEN IN AN UPTREND SINCE AUGUST 2020 AND HAS BEEN CONSOLIDATING FROM THE MID TIME OF AUGUST. THERE IS A PRESENCE OF MOMENTUM AS VOLUMES WENT HIGHER ON THE CANDLE WHILE Taking SUPPORT AT EMA with a strong bullish candle. DISCLAIMER-THIS IS NOT A TIP JUST A IDEA THAT I WANTED TO SHARE I PERSONALLY INVEST IN ALL THE IDEA THAT I PUBLISH AND THE IDEAS THAT I WILL PUBLISH IN THE LATER DATE. ENTRY AND STOP LOSS ENTRY 350-355 STOP LOSS 325-330 TARGET -420 AND ABOVE
NSE:KPITTECH
by Adithya28
The Trend in the Bend - EMA + Price ActionKPIT Technology is one of the leading IT shares in India. I had also identified and posted it just before its recent rally. Here is a more detailed run through of the price action. It demonstrated a very clear support at EMA 50 level and a fairly clear Resistance level. This was further supplemented with a double bottom pattern and rising volume levels - Clear entry signals Also, knowing that the EPS of the company has been consistently growing without unreasonable price increase, helps to strength the conviction. I personally find EMA very helpful for pullback levels and they are fairly effective in a healthy upward trend. EMA is basically the Exponential Moving Average of the share price over a period of days. Traders use various EMA levels for identifying bounce back levels and pullback zones for re entry. Normally EMA 9,21 are used for short term trades, which basically means exponential average over a period of 9 days and 21 days. Furthermore, EMA 21, 50, 100, 200 are major ones I prefer to keep a track of. EMA might not be very helpful in a sideways market, but when combined with a clear Support - Resistance level and Volume Analysis, it can be a helpful tool. I hope you enjoyed reading this abstract. Drop a like if you did and follow for similar updates. Let me know what you think about it in the comments below. Thank you :)
NSE:KPITTECH
by Aayush_Rungta
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