📊 Kalpataru Projects International Ltd. – Approaching Multi-Month Breakout Zone

Kalpataru Projects is currently trading at the upper boundary of a long consolidation zone, displaying signs of accumulation and strength revival. The price has steadily advanced back toward its major resistance band between ₹1,320–₹1,380, setting up for a potential breakout continuation. 🔹 Technical Overview Pattern: Rectangle Consolidation / Potential Breakout Formation Resistance Zone: ₹1,320–₹1,380 (highlighted in yellow) Support Zone: ₹1,160–₹1,180 (coinciding with 30-week SMA) Moving Average: Price comfortably above 30-week SMA, indicating trend continuation potential. Volume: Gradual increase during up weeks, suggesting smart accumulation near the resistance. RS (Relative Strength): Recently turned positive (circled in yellow) — early sign of leadership comeback versus benchmark. RSI: Trending higher in a rising channel, currently at ~63, reflecting growing bullish momentum without overbought pressure. OBV: Steadily rising, confirming consistent volume-backed demand. 🔹 Interpretation ⚙️ The stock is now retesting its previous multi-month supply zone between ₹1,320–₹1,380. ⚙️ A weekly close above ₹1,380 would confirm a fresh breakout, targeting ₹1,550–₹1,600 in the coming months. ⚙️ Both RSI and RS trends indicate underlying momentum building even before price confirmation — a bullish sign of rotational strength. 🟢 View Bias: Bullish with Breakout Watch Trigger Level: ₹1,380+ (on strong volume) Targets: ₹1,550–₹1,600 (post-breakout projection) Support: ₹1,160 (critical base and SMA support) Invalidation: Sustained close below ₹1,140 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)