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
KPIT - Ascending Triangle + Cup & Handle Breakout📊 Script: KPIT (KPIT TECHNOLOGIES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY500
📊 Sector: Information Technology
📊 Industry: Computers - Software & Consulting
Cup & Handle Breakout
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages is also giving crossover.
📈 Volume is increasing along with price.
📈 Script is giving Trendline + Ascending Triangle + Cup & Handle Breakout as shown in chart.
📈 Current RSI is around 67.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 605
🟢 Target 🎯🏆 - 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.
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Happy learning with trading. Cheers!🥂
KPIT - RSI SUPPORT 📊 Script: KPITTECH (KPIT TECHNOLOGIES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: N/A
📊 Sector: Information Technology
📊 Industry: IT, Computers - Software & Consulting
Key highlights: 💡⚡
📈 Script is moving towards upper band of BB.
📈 MACD giving positive crossover.
📈 Already Crossover in Double Moving Average.
📈 Taking support at previous level of RSI and started moving upwards as shown in chart.
📈 Right now RSI is around 60.
⏱️ C.M.P 📑💰- 550.60
🟢 Target 🎯🏆 - 620
⚠️ Stoploss ☠️🚫 - 515
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Happy learning with trading. Cheers!🥂
🎆🎉Happy Raksha Bandhan🥳🎊
KPIT Technologies Long term investment IdeaKPIT CMP 552.30 is a software development and integration company helping Auto sector sail towards smart future. Their involvement in EV and other clean Auto can be the key driving factors for the company. It is a low debt company with decreasing promoter pledge. The stock has given a break out and entry can be taken above 575 closing. Medium term targets for the stock will be 633 and 664. (3 to 6 months) In the long run (9 to 12 months) the stock can reach a target of 700+. You may keep a stop loss at closing below 440.
KPIT Technologies Long Idea If you like the idea kindly like, follow and support me. NSE:KPITTECH has made a beautiful ascending triangle pattern and going for a breakout. It can be long if it crosses 605 with good volume. It is having good support around 560. This idea is for chart learning purposes only, if you want to trade then trade with your own risk, proper money and risk management. And always trade with a stop-loss guys.
KPIT Tech - When to enter?KPIT Tech
Above its 50 Day Moving Average
RSI - @ 49 Daily charts
1. I have drawn the Trend lines on where it would take support and bounce back.
Safe traders when to enter? When RSI reaches 60 currently at 49 on daily Charts
Risk Takers - Right time to buy now and on dips i do see a reversal and soon can see an good uptrend by this friday or next week start
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KPIT TECHKPIT TECH Stock in short term downtrend after giving almost 100% return from 4th August, 2020 Closing of 67 to 129 high on 5th October, 2020 now retraced almost 50%. Now the stock can take support from the level of 89 which is near 61.8% retracement level position can be taken in the stock around 89 to 91 with a stop loss of 81 on Daily closing basis with a next target price of 101 and then 110 in next 1-2 Months.
KPIT If it rejects the key level, the stock should move up.
This chart is only for educational purposes. Do your due diligence before investing or trading. I'm not responsible for any profits or losses that arise from your actions. The purpose of sharing this chart is only for education, and it serves as my personal diary.
KPIT ShortIT sector has had a brilliant time in last month or so.
KPIT was super.
The tide is turing now.
140 seems likely from current levels
KPIT movementA break below the lower trendline could take KPIT to 60. The bullish scenario would be a bounce up followed by a fall.