Trending Share: Laxmibare high software manufacturer company shares, which stock gave a big return in the market? –

Top trending stock: Shares of KPIT Technologies (NSE code – KPITTECH) rose over 3 percent during the early trading session on Thursday. It has become one of the top gainers among the Nifty 500 stocks. The service-based company’s stock has witnessed strong buying interest. As a result it reached an all-time high of Rs 830 on the NSE. In fact, the stock received a breakout from its last 56-week cup and handle pattern above average volume. Today this stock saw higher recorded volume than its 10-day and 30-day average volume over the last week. Such active volume is a sign of bullishness in the stock. Meanwhile, the 14-day RSI (74.84) ​​is super bullish and is indicating strong condition for the stock. The stock’s 14-period ADX (30.22) is showing an uptrend. The stock is bullish throughout the timeframe as per Guppy’s MMA criteria. Overall, the stock has formed a bullish technical setup and is expected to remain higher as per technical analysis.

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Over the past one year, the stock has returned more than 35 percent to its shareholders. In a medium term, the Rs 900 level could act as a strong resistance following which the stock could move further to the upside. Meanwhile, Rs 730 level can act as immediate support. Momentum traders should keep a close eye on this stock for the upcoming trading session.

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