🔧 KSB Ltd – Recovery in Progress but Facing Key Resistance

🔹 Price Action KSB Ltd is currently trading near ₹840, rebounding strongly after a dip towards ₹620 levels earlier this year. The stock has formed a short-term rising channel (blue) within its broader long-term uptrend (red trendline). 🔹 Technical View Support: ₹758 Resistance: ₹909 Trendlines: Price is attempting to sustain above the rising blue channel, but the overhead ₹900–910 resistance zone has capped upside moves in the past. RSI: Improving and holding above 50, showing momentum recovery after a deep correction. 🔹 Levels to Watch Immediate Support: ₹758 (green trendline) Major Resistance: ₹909 Breakout Watch: A close above ₹910 could re-open the long-term bullish trend, while failure here may lead to a pullback towards supports. 📊 Summary KSB Ltd is showing encouraging signs of recovery, supported by the rising channel and strengthening RSI. However, the stock faces a make-or-break resistance at ₹909. Sustaining above this level will confirm renewed bullish momentum, while rejection could trigger a retest of lower supports. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.