INSUBCONTINENT EXCLUSIVE:
ETMarkets.com|Oct 29, 2018, 10.25 AM ISTThe current market price of KPIT Technologies is Rs 220.60.Gaurav Ratnaparkhi of Sharekhan by BNP
Paribas has a buy call on KPIT Technologies with a target price of Rs 240.
The current market price of KPIT Technologies is Rs 220.60.
Time
period given by the analyst is two weeks when KPIT Technologies price can reach the defined target
Gaurav Ratnaparkhi recommended keeping a stop loss at Rs 207.
"The stock was in consolidation mode for last few sessions
In terms of the price pattern, it formed a triangular pattern on the hourly chart and broke out on the upside in the last session
The daily momentum indicator is in line with the bullish price breakout
Also, on the daily chart, it has recently formed a Popgun pattern, whose follow through is expected on the upside," Ratnaparkhi said.
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Rs 840: Gaurav RatnaparkhiCommenting feature is disabled in your country/region.Disclaimer: This recommendation is analyst's own and does
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