KIRLOSKAR OIL ENGINES LTD – BULLISH SETUP

Technical Structure & Pattern Formation: The stock on the daily and weekly timeframe exhibits a classic Falling Wedge breakout and reversal structure. Following a corrective consolidation phase, strong institutional buying interest has emerged near the lower band of the falling wedge. The price action reflects structural accumulation, with successive lower-shadow candles confirming solid demand absorption at lower price clusters. Momentum & Volume Characteristics: Momentum indicators are turning positive, with the Relative Strength Index (RSI) reversing upward from oversold/neutral territory and showing bullish divergence. Higher trading volumes on up-moves accompanied by volume drying up during pullback phases confirm an accumulation footprint, indicating expanding swing momentum. 🔑 Key Levels to Track: 🟢 Demand / Support Zone: ₹2,225 – ₹2,200 (₹2,200 stands as the major structural base) 🔴 Supply / Immediate Resistance: ₹2,305 – ₹2,341 (Breakout confirmation zone) 🎯 Upside Projected Targets: Target 1: ₹2,375 Target 2: ₹2,451 Target 3: ₹2,526+ 📈 Actionable Technical View: A sustained breakout and daily candle closing above ₹2,341 will validate the falling wedge breakout and likely trigger fresh upside acceleration toward the ₹2,450–₹2,526+ trajectory. On the downside, the ₹2,200 mark acts as a crucial line in the sand; holding above this demand zone preserves the bullish swing structure. ⚠️ Educational purpose only. Not a buy/sell recommendation. Plan risk-to-reward strictly according to personal capital rules. — AALGO BREATHS 📊