KIRLOSENG moved out of a nearly 6-month consolidation phase in November and began showing strength on the upside.
Recently, the stock broke above the resistance near 1185, followed by a healthy retest of that level, which is often seen in strong trends.
The overall market structure is bullish, with price trading above all key EMAs and consistently holding above the 20 EMA since 12th November.
If this structure sustains, the price action suggests the probability of further upside continuation.
This setup highlights the importance of structure, retest, and EMA alignment in trend-following trades.
Keep it in your watchlist.
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📌 For learning and educational purposes only, not a recommendation. Please consult your financial advisor before investing.
Recently, the stock broke above the resistance near 1185, followed by a healthy retest of that level, which is often seen in strong trends.
The overall market structure is bullish, with price trading above all key EMAs and consistently holding above the 20 EMA since 12th November.
If this structure sustains, the price action suggests the probability of further upside continuation.
This setup highlights the importance of structure, retest, and EMA alignment in trend-following trades.
Keep it in your watchlist.
✅ If you like my analysis, please follow me here as a token of appreciation :)
in.tradingview.com/u/SatpalS/
📌 For learning and educational purposes only, not a recommendation. Please consult your financial advisor before investing.
Trade closed manually
KIRLOSENG - Price pulled back and didn't give entry.
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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.