Kirloskar Oil Engines clears ₹2,203 resistance!!

Kirloskar Oil Engines clears ₹2,203 resistance Kirloskar Oil Engines Limited (NSE: KIRLOSENG) closed at ₹2,180.50 on September 29, after trading as high as ₹2,198. The stock was among the names identified in the latest positive-breakout scan, with ₹2,202.87 as the second resistance. Why it matters The stock has been trading above its key short-, medium- and long-term moving averages. Moneycontrol shows the 5-day, 10-day, 20-day, 50-day, 100-day and 200-day averages below or around the current price, while RSI stood at 49.43. The classic pivot is ₹2,129.17. Resistance levels are ₹2,172.03, ₹2,202.87 and ₹2,245.73. Supports are ₹2,098.33, ₹2,055.47 and ₹2,024.63. The stock also remains well below its 52-week high of ₹2,720, leaving a substantial gap from the previous peak. My view The technical structure remains constructive above the ₹2,129 pivot. The immediate test is whether price can decisively clear ₹2,202.87 rather than repeatedly getting rejected near resistance.