prathameshzad

Extra-ordinary gains for kpit tech will end soon

Singkat
NSE:KPITTECH   KPIT TECHNOLOGIES
kpit tech, a tech company which was listed on 2019 and since then the stock is quite giving extraordinary gains. if you look at the chart from lows it has given 22x returns but if you see its fundamentals then its revenues and profits have merely grown 2x. so clearly i see its fundamentals have deviated from its price and in this type of market where stocks are getting butchered , its still commaning a PE of 70! . also on charts i see its lacking momentum at highs and RSI indicating a bearish divergence .so after all this i will short the stock till its mean . thank you

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.