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    HomeNewsBusinessStocksBuy KPIT Technologies, says Angel Broking

    Buy KPIT Technologies, says Angel Broking

    We recommend buying this stock at current levels for a target of Rs 319 over the next one month. The stop loss should be fixed at Rs 266.

    Moneycontrol News
    June 04, 2018 / 14:32 IST

    Angel Broking

    On the weekly chart, KPIT Technologies price is trading well above the 10-DEMA & 50-DEMA which reflects a positive bias. The stock is trading near its all-time high which shows its outperformance in the recent market turbulence.

    Prices have resumed its uptrend after sideways consolidation which signals upside movement. Also, among the oscillators, stochastic is in rising direction and in the overbought zone with a reading of around 94.

    Thus, we recommend buying this stock at current levels for a target of Rs 319 over the next one month. The stop loss should be fixed at Rs 266.

    Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decision.

    Moneycontrol News
    first published: Jun 4, 2018 02:32 pm

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