Stock name: KPIT Tech

Pattern: Near all-time high

Time frame: Daily

Observation:

The stock has been in a strong up trend since the covid lows and is currently standing very close to the all-time high resistance. Once the stock takes out the same, we can see a fresh move in the counter.

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Disclaimer: This analysis is purely for educational purposes and does not contain any recommendations. Please consult your financial advisor before making any financial decision.

News for the day:

1) Q4 result update: IOL Chemicals
Revenue up 12% QoQ
PBT up 166% QoQ
OPM at 16%

2) Bajaj Auto Ltd. recorded a 7% jump in its total vehicle sales in April to 3,31,278 units from 3,10,774 units in April last year. According to the figures released, domestic sales more than doubled to 2,13,172 units from 1,02,177 units. The exports fell 43% to 1,18,106 units from 2,08,597 units.

3) Aavas financers, ABB India, Adani Wilmar, Bajaj Consumer, Chola, Godrej Properties, Havells India, Mold-Tek Packaging, Petronet LNG, Solar Industries, Sona BLW, Sonata Software and Tata Chemicals are amongst the companies which will post their quarterly results tomorrow.