KPIT - Ascending Triangle + Cup & Handle Breakout

Updated
πŸ“Š Script: KPIT (KPIT TECHNOLOGIES LIMITED)
πŸ“Š Nifty50 Stock: NO
πŸ“Š Sectoral Index: NIFTY500
πŸ“Š Sector: Information Technology
πŸ“Š Industry: Computers - Software & Consulting

Cup & Handle Breakout
snapshot

Key highlights: πŸ’‘βš‘

πŸ“ˆ Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
πŸ“ˆ MACD is giving crossover.
πŸ“ˆ Double Moving Averages is also giving crossover.
πŸ“ˆ Volume is increasing along with price.
πŸ“ˆ Script is giving Trendline + Ascending Triangle + Cup & Handle Breakout as shown in chart.
πŸ“ˆ Current RSI is around 67.
πŸ“ˆ One can go for Swing Trade.


⏱️ C.M.P πŸ“‘πŸ’°- 605
🟒 Target πŸŽ―πŸ† - 684
⚠️ Stoploss ☠️🚫 - 574

⚠️ 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.

⚠️ Important: Always maintain your Risk & Reward Ratio.

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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.

Eat🍜 Sleep😴 TradingViewπŸ“ˆ Repeat πŸ”

Happy learning with trading. Cheers!πŸ₯‚
Trade closed: stop reached
STOPLOSS HIT ON 19TH SEP
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