Kirloskar Brothers — Downtrend Break Attempt From Key Support

Price had been moving inside a declining channel with consistent lower highs. The latest move shows an attempt to break above the short-term falling structure after reacting from a strong support zone. 📊 Key Levels • ₹2,351 – Major overhead resistance from prior swing high • ₹1,923 – Intermediate supply zone • ₹1,645 – Immediate resistance where price is currently reacting • ₹1,467 – Strong structural support and recent base 📉 Trend Context The broader structure remains corrective while price stays below the long-term descending trendline. However, the short-term channel breakout indicates a potential relief rally. ⚡ Momentum RSI has rebounded from a falling channel and moved higher from oversold levels, indicating improving momentum after prolonged weakness. 📊 Participation Recent candles show improving activity near the support zone, suggesting buyers are stepping in around the base. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)