RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of KPITTECH.BO
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Green day on Wednesday for KPIT Technologies Ltd
(Updated on Mar 27, 2024)

Hold candidate since Mar 26, 2024 Gain 3.86% PDF

The KPIT Technologies Ltd stock price gained 3.86% on the last trading day (Wednesday, 27th Mar 2024), rising from ₹1,427.60 to ₹1,482.75. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.51% from a day low at ₹1,429.00 to a day high of ₹1,493.45. The price has risen in 6 of the last 10 days and is up by 1.98% over the past 2 weeks. Volume fell on the last day by -75 thousand shares and in total, 36 thousand shares were bought and sold for approximately ₹53.91 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.63% during the next 3 months and, with a 90% probability hold a price between ₹1,294.54 and ₹1,634.26 at the end of this 3-month period.

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KPITTECH.BO Signals & Forecast

There are mixed signals in the stock today. The KPIT Technologies Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹1,539.53. On a fall, the stock will find some support from the short-term average at ₹1,392.01. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 10.04%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for KPIT Technologies Ltd stock

KPIT Technologies Ltd finds support from accumulated volume at ₹1,467.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹64.45 between high and low, or 4.51%. For the last week, the stock has had daily average volatility of 4.22%.

Our recommended stop-loss: ₹1,430.26 (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (KPITTECH.BO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect KPIT Technologies Ltd to open at ₹1,468.40, and during the day (based on 14 day Average True Range), to move between ₹1,421.63 and ₹1,543.87, which gives a possible trading interval of +/-₹61.12 (+/-4.12%) up or down from last closing price. If KPIT Technologies Ltd takes out the full calculated possible swing range there will be an estimated 8.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹1,467.40 (1.04%) than the resistance at ₹1,586.95 (7.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is KPIT Technologies Ltd stock A Buy?

KPIT Technologies Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.560 Hold/Accumulate Unchanged

Predicted Opening Price for KPIT Technologies Ltd of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
₹1,468.40 ( 0.97%) ₹1,482.75

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for KPITTECH.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1,532.85 3.38 %
R2 1,508.23 1.72 %
R1 1,493.02 0.693 %
Current price: 1,482.75
Support S1 1,443.78 -2.63 %
S2 1,428.57 -3.65 %
S3 1,403.95 -5.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1,727.80 16.53 %
R2 1,711.05 15.40 %
R1 1,586.95 7.03 %
Current price 1,482.75
Support S1 1,467.40 -1.04%
S2 1,456.05 -1.80%
S3 1,414.25 -4.62%

FAQ

What is the symbol for KPIT Technologies Ltd Stock and on which exchange is it traded?
The symbol for KPIT Technologies Ltd is KPITTECH.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell KPIT Technologies Ltd Stock?
KPIT Technologies Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy KPIT Technologies Ltd Stock?
KPIT Technologies Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy KPIT Technologies Ltd Stock.

What's the current price of KPIT Technologies Ltd Stock?
As of the end of day on the 2024-03-27, the price of an KPIT Technologies Ltd (KPITTECH.BO) share was ₹1,482.75.

What is the 52-week high and low for KPIT Technologies Ltd Stock?
The 52-week high for KPIT Technologies Ltd Stock is ₹1,764.00 and the 52-week low is ₹759.95.

When is the next earnings date for KPIT Technologies Ltd?
The upcoming earnings date for KPIT Technologies Ltd is Apr 08, 2024.
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