KPITTECH trade ideas
KPITECH past and short term trendKPITech is a chip designing company for EVs and electronics, They are more active in Europe than the US, so they might have a huge advantage in safeguarding them from Trump Tariffs. The short-term GTT I think would be 1150 for me as there is a big support of around 6 months at this point.
KPIT TECH LONGEntry- 1200 (OR any dip till 1188)
Support- 1150 (which is the hammer candle low)
Target- 1300
Reason- A great reversal can be seen with a hammer candle in 4hr and a bullish engulfing in `1hr with 4hr RSI being oversold.
Disclaimer- This is just for educational purpose please take advice from your own financial advisor before taking any decision.
Jai Shree Ram.
KPIT LONGKKPIT
MTF Analysis Price
KPITYearly Demand 801
KPIT 6 Month Demand 1,160
KPITQtrly Demand BUFL 1,219
KPITMonthly Demand 1,251
KPITWeekly Demand 1,110
KPITDaily Demand DMIP 1,137
ENTRY -1 Long 1,219
SL 1,090
RISK 129
REWARD 599
Target as per Entry-1 1,818
RR 5
Last High 1,921
Last Low 1,090
ENTRY -2 Long 1,110
SL 1,090
RISK 20
REWARD 708
Target as per Entry-2 1,818
RR 35
Last High 1,921
Last Low 1,090
Trade Set Up
Buy Volume -1 As per Entry-1 1,000
Buy Volume -2 As per Entry-2 1,000
Average Buy Price 1,165
Trade Value 2,329,000
SL Point 1,090
RISK 75
Exit Target 1,818
Target Value 3,636,000
Profit Target 1,307,000
RISK Value 149,000
Risk to Reward 9
KPITTECH - RSI Divergence on major support/Demand AreaStock currently showing classical RSI Divergence case where price has made a Lower Low and lower high on Major support zone but at the same time RSI is making HH and HL.
This can be a major turning point for stock to start up-moving only in case if it continues to make HH and HL.
RSI divergence is just a price behavior indicator which give indication of demand at demand zone and a confirmation of is always needed to support this fact by stock behavior making HH and HL.
KPIT Technologies Ltd for Intraday 25th October #KPITTECH KPIT Technologies Ltd for Intraday 25th October #KPITTECH
Resistance 1425. Watching above 1428 for upside movement...
Support area 1400. Below 1400 ignoring upside momentum for intraday
Support 1400.Watching below 1395 for downside movement...
Resistance area 1420-1425
Above 1400 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
KPIT TECH S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
KPIT Technologies Ltd view for Intraday 29th August #KPITTECH KPIT Technologies Ltd view for Intraday 29th August #KPITTECH
Buying may witness above 1885
Support area 1850.. Below ignoring buying momentum for intraday
Selling may witness below 1820
Resistance area 1850
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
KPIT TECHKindly do your own study. This study is only for view discussion.
Kpit tech is in momentum in higher time frame and making higher high and higher low.
Monthly price has challenged upper bollinger band
Monthly MACD is in PCO stat
Weekly price has given ATH BO with high volume
Weekly MACD has given PCO above zero line.
Weekly RSI is above 60 level
Weekly ADX is showing strength
Daily price has given breakout with huge volume
Daily RSI is above 60
Daily ADX is strong
NSE:KPITTECH Trendline and Resistance BreakoutTechnical Analysis:
KPITTECH has recently demonstrated a bullish breakout above a significant trendline and resistance level, indicating potential for further upward momentum in the stock price. This breakout is reinforced by technical indicators and price action, suggesting additional gains are probable.
Trendline Breakout:
The stock had been consolidating below a long-term descending trendline for several weeks. Recently, KPITTECH broke above this trendline, indicating a potential trend reversal from bearish to bullish. The breakout occurred around the ₹1600 level, which had been a significant resistance point.
Resistance Breakout:
In addition to breaking the trendline, KPITTECH also surpassed a critical horizontal resistance level at ₹1620. This level had previously acted as a strong barrier, but the recent price action suggests that the bulls have taken control.
Volume Confirmation:
The breakout was accompanied by a notable increase in trading volume, providing additional confirmation of the bullish trend. This surge in volume indicates strong buying interest and enhances the reliability of the breakout.
Potential Trade Setup:
Entry Point: After a confirmed breakout above the ₹1640 level.
Stop Loss: Below the recent swing low at ₹1610.
Target 1: ₹1997
Target 2: ₹2030
RSI Analysis:
The Relative Strength Index (RSI) is currently trending upwards, indicating increased buying pressure. The RSI remains below the overbought territory, suggesting there is still room for further price appreciation.
Moving Averages:
The stock is trading above its 50-day and 200-day moving averages, further confirming the bullish sentiment. The crossover of the 50-day moving average above the 200-day moving average (Golden Cross) adds to the bullish outlook.
MACD Analysis:
The Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover, with the MACD line crossing above the signal line. This crossover supports the bullish trend and the potential for higher prices.
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Trading stocks and other financial instruments involves risk and can result in significant financial loss. Past performance is not indicative of future results. Always conduct your own research or consult with a professional financial advisor before making any investment decisions.