Weekly Resistance Tested – Will KRNHEAT Ignite a Fresh Rally?
KRN
based on the weekly chart
Stock has been range-bound between ₹680–₹850 for months, and is now testing the upper band of that ***** week’s candle shows rejection from the ₹850 zone, which has been a historical resistance area. A bullish move continuation is likely if the stock closes above ₹850 in the upcoming week with follow-through volume.
Resistance Zone: ₹850–₹880
Breakout Confirmation Level: ₹850+ weekly close
Immediate Support: ₹767–₹780 (demand zone + previous swing base)
Stop-Loss Zone: Below ₹767 on weekly close
KRN Heat Exchange is approaching a critical breakout level on the weekly chart. Sustained close above ₹850 will confirm bullish breakout and open room for a sharp rally toward ₹935–₹1068.
Action: Wait for confirmation candle above ₹850 or accumulate on dips near ₹770 with SL.
Unite Technologies Financial Services
SEBI Registered Research Analyst – INH000020350
This analysis is for educational and informational purposes only. It does not constitute investment advice or a recommendation. Please consult your financial advisor before making any investment decisions. Trading and investing in the stock market involve risk. Do your own research (DYOR).