Top Trending Stock: This stock rose by more than 6 percent, investors are competing to buy the stock – shares of kpit technologies rose by more than 6 percent

Mumbai: Amidst the boom in the stock market, there has been a sharp jump in the shares of KPIT Technologies (NSE Code – KPITTECH). These shares are trading with a gain of 6 per cent. There has been a steady rise in this stock. The stock is looking strong on the technical charts as well. Interestingly, KPITTECH stock has outperformed the broader market in the recent past. Technically, the stock has registered a breakout from its 6-week consolidation period with above-average volumes.

After today’s gain, it is now trading above all the major moving averages. The stock is seeing a boom. The 14-day RSI (58.91) is showing good strength on the technical charts. The MACD has given a fresh indication of a bullish crossover. Elder impulse system has given a fresh buy signal.

The stock is facing an medium-term resistance near Rs 900, followed by Rs 950. Meanwhile, the support is placed at the 50-DMA level of Rs 778. Investors can add it to their portfolio to earn profits.

This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.

(Disclaimer: This above is third party content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or endorse any of the above content or its accuracy nor is responsible for it in The content does not constitute any investment advice or solicitation of any kind. Users are advised to check with certified experts before taking any investment decision and take all steps necessary to ascertain that any information and content provided is correct, updated and verified. .)