KPIT Tech has been showing signs of bounching back up after some down moves and has formed an upward triangle pattern showing less signs of the fall. It seems that with the current strengh it can break the resistance levels of 1530.
If the breakout is supported by Good volumes then it can give us the levels of 1562-1593-1635-1671-1763 with the base levels of 1473-1406-1391.
Overall market conditions and volitality should be in favour to support its move.
No recommendations, Just my view based on chart pattern.
If the breakout is supported by Good volumes then it can give us the levels of 1562-1593-1635-1671-1763 with the base levels of 1473-1406-1391.
Overall market conditions and volitality should be in favour to support its move.
No recommendations, Just my view based on chart pattern.
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