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Rakesh Madhav CFA

12th Aug 2025 · SEBI-Registered Analyst

KRN Breaks Out Above ₹900 — Momentum Building for Next Leg Up- Follow up post

KRN
: What’s changed (vs last post) Clean breakout above ₹880–₹900 with better volume → bias turns firmly bullish. RSI ~59: momentum improving, not yet stretched. Short MAs still up; trend intact. Levels (next few sessions) Support: ₹885–₹890 (breakout retest), then ₹860. Resistance/Targets: ₹920, ₹950 (trail above ₹920). Trader SL: ₹885 (tight) or ₹860 (positional), on close. What to watch Follow-through volume on any retest of ₹890. Order/expansion updates; earnings cadence. Risks (unchanged) Low liquidity = whipsaws; global industrial softness; RM cost swings. Bottom line: Breakout confirmed; ride towards ₹920/₹950 with a strict trailing SL. Fundamentals remain supportive; keep sizing modest due to liquidity. Sources You said: title? ChatGPT said:

#TechnicalViews#StockInNews#SectorBreakouts
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