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.
(Daily) - Breakout after a one month consolidation - Above 20,50,200 EMA - Volume Gain - RSI breakout
Long can be taken Current Price 114.05 TGT 121-129.5 SL will 109.5. Prev triangle brakout was good ride from 99
IT stocks have been doing well recently. KPITTECH here has broken its downtrend. Retested the trendline as support. Looks ready for next leg up.
A break below the lower trendline could take KPIT to 60. The bullish scenario would be a bounce up followed by a fall.