🔁 Kirloskar Oil Engines – Follow-Up Technical View

Key Observations Price has broken above the previous consolidation zone with strong bullish candles. Sustaining well above the 20-DMA, indicating trend continuation. RSI remains in the 65–72 range, reflecting momentum strength without extreme overheating. Volume expansion on up-moves confirms institutional participation rather than retail-only activity. Technical Structure The stock has transitioned from a range-bound phase to a trending phase, forming higher highs and higher lows. Minor pullbacks are being absorbed quickly, suggesting dips are being bought aggressively. As long as price holds above the recent breakout zone, the broader trend remains intact. What to Watch Next Any pullback towards the breakout zone with declining volume. RSI holding above 55 on corrections. Sustained closes above recent highs for further upside traction. Overall, Kirloskar Oil Engines remains structurally strong, with momentum favoring trend continuation unless key supports break decisively