Kirloskar Brothers Ltd – Weekly | Downtrend Retest with Early RSI Stabilisation

Price remains inside a broad falling channel, with multiple rejections from the upper trendline. Recent candles show support holding near the lower channel, hinting at short-term exhaustion of selling pressure. Structure still corrective; no trend reversal yet. 📊 Key Levels to Watch: Immediate Support: ₹1,580 – ₹1,600 (channel base + horizontal support) Major Support: ₹1,520 – ₹1,540 Immediate Resistance: ₹1,700 – ₹1,720 Major Resistance: ₹1,860 – ₹1,900 🔄 Momentum & RSI Read: RSI has bounced from sub-35 zone, indicating relief from oversold conditions. RSI still below 50 → momentum recovery is early, not confirmed. A sustained RSI move above 45–50 would improve upside probability. 📌 What Stands Out: Price and RSI both respecting their respective falling trendlines. Short-term pullback rally possible within the channel. Structural strength only on decisive breakout above ₹1,720 with volume. ⚠️ Risk Note: As long as price stays below the falling resistance, moves can remain range-bound and corrective. Breakdown below ₹1,580 may reopen downside towards ₹1,520. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)