KPIT Technologies Ltd. is an interesting stock with following
FUNDAMENTALS
Company is expected to give good quarter
Company has delivered good profit growth of 49.4% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
Company has been maintaining a healthy dividend payout of 30.1%
TECHNICALS.
1. RSI on daily/Monthly above 60
2. Ascending Triangle on Daily chart
3. Rising trade and delivery quantity
4. Price taking support at 20 SMA daily/ weekly i.e. 1500-1515 respectively
5. Major 50 DMA support at 1486 zone
Can be a good risk and reward for buy on dips and dips only with stop loss in zone of 1480-1500 and for next resistance at 1600-1672 levels.
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
FUNDAMENTALS
Company is expected to give good quarter
Company has delivered good profit growth of 49.4% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
Company has been maintaining a healthy dividend payout of 30.1%
TECHNICALS.
1. RSI on daily/Monthly above 60
2. Ascending Triangle on Daily chart
3. Rising trade and delivery quantity
4. Price taking support at 20 SMA daily/ weekly i.e. 1500-1515 respectively
5. Major 50 DMA support at 1486 zone
Can be a good risk and reward for buy on dips and dips only with stop loss in zone of 1480-1500 and for next resistance at 1600-1672 levels.
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Trade fermée: cible de profit atteinte
trading way above its target
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.