The short -term perspective is optimistic for Kfin technologies. The action increased around 8.5 percent on Monday, which carried it well above a key resistance level or ₹ 1,135. This increase also confirms an inverted head and shoulder pattern in the daily table.
The neckline of this pattern is produced around ₹ 1,130. Then, the region of ₹ 1.135-1,130 will now act as good support. The price of Kfin Technologies shares can rise to $ 1,450-1,500 next week.
Merchants can buy Kfin Technologies now at ₹ 1,200. Accumulate on the casualties to ₹ 1,160. Keep the Stop -los in ₹ 1,060 initial. Follow the stop-loss to ₹ 1,250 as soon as the action rises to ₹ 1,290. Move the stop-loss up to ₹ 1,310 and ₹ 1,370 when the price touches ₹ 1,360 and ₹ 1,410 respectively. Leave the long positions to ₹ 1,450
Video Credit: Businessline
(Note: Recommendations are based on technical analysis. There is a risk of loss in trade).
Posted on April 22, 2025