kpit tech retracement levels good opportunity to add

KPIT Technologies is a Pune-based technology company focused specifically on the automotive and mobility ecosystem. Unlike traditional IT companies that serve multiple industries, KPIT has a strong specialization in: Automotive software Software-defined vehicles (SDVs) Embedded software Autonomous driving technologies Electric & connected vehicles Vehicle engineering and digital transformation Its clients include global automotive manufacturers and mobility companies. The company's core investment story is therefore linked to the increasing software content in automobiles and the transition towards electric, connected and software-defined vehicles. 2. Fundamental Analysis Key Numbers Parameter KPIT Technologies CMP ₹609.40 Market Cap ~₹16,706 Cr P/E ~26.8× Book Value ₹129 ROCE 26.3% ROE 20.9% Dividend Yield 1.23% 52W High ₹1,328 52W Low ₹543 The stock closed at ₹609.40 on 28 August after gaining 3.64% for the day. However, technically the stock is still classified as bearish, with Trendlyne showing a momentum score of around 29.5/100. Important Levels Immediate Resistance: ➡️ ₹615–625 Major Resistance: ➡️ ₹650–665 Strong Resistance: ➡️ ₹700–720 Supports Immediate Support: ➡️ ₹590–580 Major Support: ➡️ ₹550–543 The ₹543 area is particularly important because it is the current 52-week low.