KNR Constructions – Technical View, Support and Resistance
The stock
KNRCON
is showing a sideways to weak trend on the daily chart after a prolonged decline from higher levels. The stock has been consolidating mainly between ₹120–₹140 with no clear sustained uptrend visible yet.
Support ₹120–₹118 is the immediate support zone where the stock has recently found buying interest. Below this ₹110 can act as the next important support. Resistance: ₹130–₹135 is the immediate resistance zone. A sustained move above ₹140 would indicate stronger bullish momentum and could improve the overall technical structure.
Short-term buyers: Buyers can watch for strength above ₹130–₹135 with volume. A sustained breakout above ₹140 would provide stronger confirmation of bullish momentum. For holders: The stock needs to sustain above ₹120–₹118 to maintain the current consolidation structure. A breakdown below this zone can increase selling pressure toward ₹110.