Kirloskar Oil Engines Ltd – Bullish Structure with Recovery Momentum

📊 Kirloskar Oil Engines Ltd – Bullish Structure with Recovery Momentum The stock is showing signs of recovery after a healthy correction and is attempting to regain bullish momentum. 🔎 Technical Observations: • Prior uptrend structure still intact (higher highs & higher lows earlier) • Recent correction followed by bounce from support zone • Formation of a rising wedge / consolidation pattern • Price reclaiming short-term levels with improving momentum • Volume gradually supporting the recovery 🔑 Key Levels to Watch: • Immediate Support: ₹1320 – ₹1310 • Major Support: ₹1250 – ₹1200 • Immediate Resistance: ₹1430 – ₹1490 🚀 Upside Targets: • ₹1490 • ₹1530 • ₹1590+ 📉 Risk Scenario: Breakdown below ₹1310 may weaken the structure and lead to further correction towards ₹1250 📈 Trading View: 👉 Stock is in recovery phase within a broader bullish structure 👉 A strong breakout above ₹1490 can trigger the next rally ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📈