KFin Technologies – Channel Breakout Setup (Daily Chart)

📊 KFin Technologies – Channel Breakout Setup (Daily Chart) After trading inside a falling channel for several weeks, the stock is now attempting a strong breakout above the upper trendline resistance near ₹1,080–₹1,090 zone. 🔎 Technical Observations: Clear descending channel pattern Strong bullish candle near resistance Volume expansion on breakout attempt Price reclaiming short-term moving averages RSI moving above 50 → momentum building MACD showing bullish crossover 🔑 Key Levels to Watch: Immediate Resistance: ₹1,090 Breakout Confirmation: Sustained close above ₹1,100 Immediate Support: ₹1,030 Strong Support: ₹1,000 🚀 On confirmed breakout above ₹1,100, potential upside targets: ₹1,200 ₹1,300 ₹1,400 (as projected move) Structure suggests early reversal from downtrend. Follow-through above resistance is crucial. ⚠️ Invalidation below ₹1,000 on daily closing basis. For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS