🔍 Key Technical Observations:
Price Action:
Current Price: ₹1,735.50 (+4.96% rally)
Trading near upper channel of descending pattern (₹1,893 resistance)
Strong support at ₹1,633
Indicators:
Price above 200-EMA (₹1,083.74) - long-term bullish
Volume spike (812K) supporting upward move
📊 Trade Setup:
▶️ Entry Zone: ₹1,700-1,735 (current levels)
🎯 Targets:
₹1,893 (immediate channel resistance)
₹2,000+ (channel breakout)
⚠️ Stop Loss: ₹1,600 (below recent swing low)
⏳ Timeframe: 3-6 month positional trade
💡 Key Considerations:
Break above ₹1,893 could confirm trend reversal
Monitor volume on breakout attempts
Industrial sector momentum important
📌 Risk Management:
Partial profits at ₹1,850
Trail stop to ₹1,750 after ₹1,850 break
#KirloskarBros #IndustrialStocks #BreakoutWatch #PositionalTrading
Price Action:
Current Price: ₹1,735.50 (+4.96% rally)
Trading near upper channel of descending pattern (₹1,893 resistance)
Strong support at ₹1,633
Indicators:
Price above 200-EMA (₹1,083.74) - long-term bullish
Volume spike (812K) supporting upward move
📊 Trade Setup:
▶️ Entry Zone: ₹1,700-1,735 (current levels)
🎯 Targets:
₹1,893 (immediate channel resistance)
₹2,000+ (channel breakout)
⚠️ Stop Loss: ₹1,600 (below recent swing low)
⏳ Timeframe: 3-6 month positional trade
💡 Key Considerations:
Break above ₹1,893 could confirm trend reversal
Monitor volume on breakout attempts
Industrial sector momentum important
📌 Risk Management:
Partial profits at ₹1,850
Trail stop to ₹1,750 after ₹1,850 break
#KirloskarBros #IndustrialStocks #BreakoutWatch #PositionalTrading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.