A perfect triangle formation and the stock seems to be a breakout candidate. Buy KPIT if it sustains above 125-126 with a stoploss of 120 and look for targets of 132/135/139. keep booking part profits at three given targets.
Stock View: Mukandltd
The stock is facing huge resistance near 72 zone and yesterday it was the fourth attempt. The stock is poised for a big monthlty breakoout if it closes above 72-73. Buy MukandLtd only if it sustains above 72-73 for quick targets of 79/83/87 and the stoploss for the above trade should be placed at 67. Volumes have also started to pick up.
Have a nice trading day
Regards
Ankit
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