KPIT has given a strong breakout after a formation of cup & handle patter. It continuously consolidate for short range and gives breakout which indirectly formed a HH & HL pattern on chart.
Now after making a ATH of 1640 it retrace for 3 weeks and formed inside candles.
Now it has given a volume breakout and closes above previous two week price levels.
A buy call can be initiated as its on good risk reward ratio.
above 1520
invalid below 1415
Now after making a ATH of 1640 it retrace for 3 weeks and formed inside candles.
Now it has given a volume breakout and closes above previous two week price levels.
A buy call can be initiated as its on good risk reward ratio.
above 1520
invalid below 1415