π Kirloskar Pneumatic Co. Ltd. β Fresh Breakout with Clear Range
KIRLPNU
π Structure:
Price has broken out above the βΉ1,424.60 resistance zone.
The stock is holding above the trendline support, indicating a continuation of the uptrend.
π Key Zones:
Support Zone: βΉ1,300 β βΉ1,240
(Highlighted in red; important for trend protection)
Target Zone: βΉ1,700 β βΉ1,800
(Highlighted in green; prior supply zone)
π Bullish Outlook:
Trendline and breakout support the bullish structure.
Sustaining above βΉ1,424 can trigger a move toward βΉ1,700+.
Volume build-up is supportive.
β οΈ Risk Levels:
Breakdown below βΉ1,300 may invite profit booking toward βΉ1,240.
π Summary:
Bias remains bullish above βΉ1,424.
Dips near βΉ1,350ββΉ1,300 could offer fresh buying opportunities.
π’ Disclaimer:
This is for informational purposes only. Not a buy/sell recommendation. Positions may or may not be held.
π§βπΌ Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332).
π Investments are subject to market risks. Read all related documents carefully.