ETMarkets.com|Oct 29, 2018, 10.25 AM ISTThe current market price of KPIT Technologies is Rs 220.60.Gaurav Ratnaparkhi of Sharekhan by BNP Paribas has a buy call on KPIT Technologies with a target price of Rs 240. The current market price of KPIT Technologies is Rs 220.60. Time period given by the analyst is two weeks when KPIT Technologies price can reach the defined target.

Gaurav Ratnaparkhi recommended keeping a stop loss at Rs 207. "The stock was in consolidation mode for last few sessions.

In terms of the price pattern, it formed a triangular pattern on the hourly chart and broke out on the upside in the last session.

The daily momentum indicator is in line with the bullish price breakout.

Also, on the daily chart, it has recently formed a Popgun pattern, whose follow through is expected on the upside," Ratnaparkhi said. Read this article in :HindiSell Concor, target Rs 550: Gaurav RatnaparkhiBuy Sun Pharmaceutical Industries, target Rs 655: Gaurav RatnaparkhiBuy National Aluminium Company, target Rs 73: Gaurav RatnaparkhiBuy Equitas Holdings, target Rs 140: Gaurav RatnaparkhiBuy Tech Mahindra, target Rs 840: Gaurav RatnaparkhiCommenting feature is disabled in your country/region.Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com ETMarkets.com.

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