KPIT has given a strong breakout after a formation of cup & handle patter. It continuously consolidate for short range and gives breakout which indirectly formed a HH & HL pattern on chart.
Now after making a ATH of 1640 it retrace for 3 weeks and formed inside candles.
Now it has given a volume breakout and closes above previous two week price levels.
A buy call can be initiated as its on good risk reward ratio.
above 1520
invalid below 1415
Now after making a ATH of 1640 it retrace for 3 weeks and formed inside candles.
Now it has given a volume breakout and closes above previous two week price levels.
A buy call can be initiated as its on good risk reward ratio.
above 1520
invalid below 1415
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.