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Interest rate hike concerns also became the top trending stock – top trending stock kpit technologies MEERI News

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Mumbai – Asian markets saw profit-taking on Thursday after the US Federal Reserve meeting. While the Indian index, however, recorded a decline from the beginning amid volatility. Few midcap and smallcap stocks attracted investors’ attention at minimum value levels. KPT Technologies stock posted a massive gain of more than 5% in the opening hours of Thursday’s trading session. The stock is on a short-term strong uptrend. In the last four trading sessions, Rs. It is recovering more than 13% from its previous low of 557. Its price volume rose for the third day in a row on Wednesday and was found to be higher than the 30-day and 50-day moving averages. On technical basis the stock has made higher highs and higher lows on the daily chart. This is a positive cost structure. The stock is currently trading at its previous pivot and above its all-important moving average.

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Apart from the positive price structure of the company share, the stock is strong from a technical perspective. The 14-period daily RSI (68.01) is bullish and near its previous high. ADX (15.33) is in the uptrend and is bullish. MACD has shown a bullish crossover. Whereas OBV indicates increasing buying interest in the stock. In short, KPIT Technologies stock has signaled positivity at all levels for a perfect trading plan.

Investors should keep an eye on this stock to track its next move.
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