Sunday, 24 June 2012

KPIT Mid Intraday Analysis - Jun 25th '12

Connecting KPIT's recent low of 105.8 & last trading high of 117.45, 23.6% retracement on fibonacci levels lie around 114.7

Today on intraday level charts KPIT has reversed at 114.6, with slow buying interest emerging. On EOD charts KPIT has made a inverted hammer pattern which suggests some more upside is left in the next couple of trading sessions



Will update sooner on the KPIT EOD analysis, however Parabolic SAR has reversed its direction and now is pointing upwards which shows upward trend is still intact


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