KPR Mill: Bullish Momentum Builds for Fresh Upside

recently witnessed a strong pullback from its 34-day EMA on the daily timeframe, followed by a sharp recovery. The stock continues to trade comfortably above its key short- and long-term moving averages, keeping the broader trend firmly bullish. The RSI is in a rising mode and has rebounded from the 60-odd zone, indicating renewed buying momentum. A similar rebound in RSI across timeframes further strengthens the positive momentum setup. The stock has closed near the upper band of the Bollinger Bands, a phenomenon often seen during the early stages of a strong trending move. While trading close to the upper band can sometimes result in short-term consolidation, sustained price action near these levels generally reflects underlying strength. The ADX is also rising, indicating that the prevailing trend is gaining strength. The MACD remains in positive territory, with the MACD line trading above the signal line and the histogram turning positive, providing additional confirmation of improving momentum. Technically, the recent recovery above the ₹1,150–1,160 zone is encouraging. Sustaining above this area could keep the stock positioned for a retest of the recent swing high around ₹1,275. A decisive breakout above ₹1,275 could potentially open the door for further upside. On the downside, ₹1,135–1,150 emerges as an important near-term support zone, while the broader trend remains constructive as long as the stock holds above its major moving averages. Overall, KPR Mill is showing a combination of positive price structure, strengthening trend intensity and improving momentum. Any healthy consolidation or minor pullback that holds above key support could provide a favourable setup for the next leg higher.