Kirloskar Pneumatic Falls as Key Support Turns Resistance

Kirloskar Pneumatic Company (KIRLPNU) closed at ₹698.10 on September 18, down 0.57% (₹3.95), with the stock trading more than 35% below its recent peak. Kirloskar Pneumatic Company

closed at ₹698.10 on September 18, down 0.57% (₹3.95), with the stock trading more than 35% below its recent peak. Kirloskar Pneumatic Company ( ) is trading near its 20-week low after breaking the ₹706–₹725 support zone. The price closed below this range, indicating that the earlier support area has now turned into a near-term resistance zone. Kirloskar Pneumatic Company is a manufacturer of air compressors, pneumatic tools, air conditioning and refrigeration systems, marine HVACR, process gas systems and hydraulic power transmission machinery. From a technical perspective, the ₹706–₹725 range remains important for the stock’s near-term movement. A sustained move above this zone would be required to regain the broken support area. On the higher side, ₹777 may act as a major resistance level and could remain an important level to watch if the stock attempts a broader recovery. On the downside, ₹610 may act as the key support level. This level becomes important if the stock remains below the ₹706–₹725 resistance zone. Disclosure: No holding or position information was provided.