‹ All Posts
Unite Technologies Financial

13th Apr · SEBI-Registered Analyst

Technical Analysis Kirloskar Oil Engines Ltd.

The stock

KIRLOSENG
has shown a massive turnaround. After a steep downtrend that pushed the price down to around the 600 level in early 2025 it has staged a powerful V-shaped recovery. Currently the stock is in a very strong uptrend consistently making higher highs and higher lows over the past year. Recently the stock broke past a major hurdle. It successfully crossed the 1400 to 1450 zone which was the previous peak before the major fall. Breaking above previous highs is a strong bullish positive signal. The price is currently trading near 1485 showing strong momentum. Immediate Support the 1400 to 1450 zone is now the most crucial support. In technical analysis once a strong resistance is broken it usually acts as a new support level. If the stock falls it should bounce back from this area. Immediate Resistance the psychological round number of 1500 is the next immediate hurdle. If it breaks and sustains above 1500 it could trigger further upward movement. The chart structure for KIRLOSENG looks highly positive. The strong price action combined with healthy volume suggests that the buyers are in control. As long as the stock maintains its position above the 1400 level the broader trend remains firmly in favor of further growth. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.

#Today’sTradingSetup#EquityResearch#TechnicalViews
1,069 likes·35 comments