KPIT Tech Long Weekly Chart

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


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