ALL TIME HIGH BREAKOUT+RETEST+CONTINUTION IN KPIT TECHKpit tech looking bullish,Recently it breaks the all time high and sustained above that.
and if look its previous price action we can see there is a cup and handle pattern on daily and weekly chart.
So our target can be 1047.50 according to his cup depth,Which is almost 17% up from current levels.
and the stop loss can be somewhere below all time high support zone ( as per closing basis).
THE IDEA IS FOR EDUCATIONAL PURPOSE,TRADE AT OWN RISK...
KPITTECH trade ideas
KPITECHNSE:KPITTECH
GOOD ONE ! Enter at EOD !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Neat & Clean Breakout in KPIT Tech.Hello traders,
I have brought again one of best it sector Gem which can make you millionaire if you hold for a decade,,,best fundamental company and best management..best business model..We have seen a neat and clean proper break out in this Gem. We can assume this is now gonna to make another highs in coming days and price can move towards 900+ level..this is best stock if someone wants to hold for long term. for short term my target will be 900+ and stop loss will be 755. You can buy from current level to 817-800 this level and hold for our target price. Again i am gonna to suggest you this is not a short term gaining stock,,this is kinda invest and forget type stock..well it is up to you.
Market Cap
โน 22,404 Cr.
Current Price
โน 817
High / Low
โน 830 / 440
Stock P/E
64.4
Book Value
โน 50.8
Dividend Yield
0.38 %
ROCE
24.1 %
ROE
21.5 %
Face Value
โน 10.0
Debt
โน 186 Cr.
EPS
โน 12.7
PEG Ratio
Promoter holding
40.1 %
Intrinsic Value
โน
Pledged percentage
0.82 %
EVEBITDA
35.1
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kpitTCV (total contract value) of new collaborations during the quarter was $272 million which included $100 million from the mega engagement with Renault. โข Renault Group selected the company as a strategic technology partner for next generation software designed vehicle (SDV) program. โข A leading European car manufacturer awarded the company a strategic engagement in the domain of the connected vehicle. โข The company was selected by a leading American Commercial Vehicle Manufacturer for multiple engagements in vehicle engineering designs and diagnostic domains. โข A leading Asian car manufacturer selected the company for multiple strategic programs in the autonomous driving and connected vehicle domains. โข The company was awarded by a leading American car manufacturer for multiple programs in the middleware, electric powertrain, and connected vehicles domain. โข They are working on 6 engagements for SDV.
KPIT Short* KPIT is struggling to form a high right now
* RSI is showing a lower strength
* Monthly RSI is 76 levels
* We can expect some correction in this stock
* I will give 650 as the new target for now
* It doesn't necessarily mean it will go bearish, it ill simply correct and move up
* Volumes are drying right now
Disclaimer - PLease DYOR, don't take your buy/sell decision based on my analysis
KPIT - Ascending Triangle + Cup & Handle Breakout๐ Script: KPIT (KPIT TECHNOLOGIES LIMITED)
๐ Nifty50 Stock: NO
๐ Sectoral Index: NIFTY500
๐ Sector: Information Technology
๐ Industry: Computers - Software & Consulting
Cup & Handle Breakout
Key highlights: ๐กโก
๐ Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
๐ MACD is giving crossover.
๐ Double Moving Averages is also giving crossover.
๐ Volume is increasing along with price.
๐ Script is giving Trendline + Ascending Triangle + Cup & Handle Breakout as shown in chart.
๐ Current RSI is around 67.
๐ One can go for Swing Trade.
โฑ๏ธ C.M.P ๐๐ฐ- 605
๐ข Target ๐ฏ๐ - 684
โ ๏ธ Stoploss โ ๏ธ๐ซ - 574
โ ๏ธ Disclaimer: DowJones & NASDAQ futures down more than 1% due to US. AUG INFLATION AT 8.3 % V 8.1 % EST. Take position according to your comfort level and conviction.
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat๐ Sleep๐ด TradingView๐ Repeat ๐
Happy learning with trading. Cheers!๐ฅ
KPIT - RSI SUPPORT ๐ Script: KPITTECH (KPIT TECHNOLOGIES LIMITED)
๐ Nifty50 Stock: NO
๐ Sectoral Index: N/A
๐ Sector: Information Technology
๐ Industry: IT, Computers - Software & Consulting
Key highlights: ๐กโก
๐ Script is moving towards upper band of BB.
๐ MACD giving positive crossover.
๐ Already Crossover in Double Moving Average.
๐ Taking support at previous level of RSI and started moving upwards as shown in chart.
๐ Right now RSI is around 60.
โฑ๏ธ C.M.P ๐๐ฐ- 550.60
๐ข Target ๐ฏ๐ - 620
โ ๏ธ Stoploss โ ๏ธ๐ซ - 515
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Happy learning with trading. Cheers!๐ฅ
๐๐Happy Raksha Bandhan๐ฅณ๐