🔥 KRN Heat Exchange & Ref Ltd – Daily Chart Analysis

🔹 Price Action Stock surged +9.5% today, closing at ₹955.30, indicating a strong breakout move. Breakout happened above ₹946.75 resistance, with follow-through buying. Price is moving inside a rising channel (green trendline support) and recently broke a descending resistance trendline. 🔹 Key Levels Immediate Support: ₹946.75 (breakout level) Major Support: ₹869.70 Resistance Zone: ₹1,009.50 (next upside level) 🔹 Indicators & Volume Action RSI: At 62.51, trending upwards inside a bullish channel → supports further upside. Volume: Big spike in volume (highlighted) confirms institutional buying interest. 🔹 Outlook Sustaining above ₹946.75 keeps the stock bullish. Upside potential towards ₹1,009.50 in short term. If price falls back below ₹946.75, consolidation between ₹870–950 is possible. ✅ Trading View Bias: Bullish above ₹946.75 Target: ₹1,009.50 Support to Watch: ₹946.75 & ₹869.70 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.