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19th Aug · SEBI-Registered Analyst

Technical Analysis Kiri Industries

The stock

KIRIINDUS
is showing a sideways to mildly bullish setup on the daily chart. After a sharp decline from the ₹700+ zone, the stock found support around ₹350–370 and has since formed a base. Recent price action shows gradual higher lows, indicating improving buying interest, but the stock is still below its major previous resistance zones. Support & Resistance: Immediate support is around ₹410–400 followed by stronger support near ₹380–370. On the upside ₹440–450 is the immediate resistance zone. A sustained breakout above ₹450 can lead to ₹480–500 while ₹500 remains a major resistance area. Short-Term Outlook: The setup is improving but not yet strongly bullish. Fresh buying can be considered near ₹400–410 if the stock shows a positive reversal, or after a strong breakout above ₹450 with volume. Existing holders can continue holding with a trailing stop-loss around ₹390. A decisive close below ₹380 would weaken the current recovery structure and could bring ₹350–360 back into focus.

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