Kalpataru Projects International Limited (KPIL) Stock - Complete Technical Analysis - Sep 06, 2024

Kalpataru Projects Stock Analysis KPIL Technical Review Key Support

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Kalpataru Projects International Limited (KPIL) is currently trading at 1,398, just below its 52-week high of 1,427.85, reached in July 2024. The stock has surged 132.5% from its 52-week low of 601.25, which highlights its strong upward momentum.

Looking at the technical indicators, the stock is positioned above several key moving averages, indicating a bullish trend. The 10-day EMA is at 1,362.75, the 20-day EMA at 1,331.65, and the 50-day EMA at 1,290.90, all supporting upward momentum. The current price is also above the classic pivot point of 1,303.62, suggesting bullish sentiment.

The Relative Strength Index (RSI) at 67.9 and Stochastic %K at 85.53 indicate that KPIL is in the overbought territory, which might suggest caution as the stock could be due for a pullback. The MACD is showing a strong bullish signal, while the Awesome Oscillator further supports the positive trend.

Support levels to watch are near the 1,303.62 classic pivot, with additional support around 1,232.93 and 1,118.32. Resistance levels include the 1,418.23 and 1,488.92 pivots, with significant resistance at 1,674.22. The Average True Range (ATR) suggests that the stock has high volatility, so traders should be prepared for potential fluctuations.

Overall, KPIL demonstrates strong bullish momentum but watch for signs of overbought conditions and potential volatility. Traders should consider these technical aspects while planning their strategies.