Stock of the day – KPIT Technologies

KPIT like most other IT stocks has had a tremendous run in the last few years. 2014 though seems to have halted that rise as the stock has seen a strong decline in the last week and this week. This has resulted in it breaking a long term trend-line support as well and one needs to see how the stock performs at its major support zones before one can confirm as to whether this is just a storm in a tea cup or is it something much more serious.

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About Prashanth

Have been a full time participant in the stock markets since 1996. Run a Yahoo Group where focus is exclusively on discussions of the Indian Markets using Technical Analysis as the tool (groups.yahoo.com/group/technical-investor)
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