KNRCON – Volume Surge Near Breakout Zone

KNRCON

📈 KNRCON – Volume Surge Near Breakout Zone 💥

\Date:\ June 26, 2025
\Chart:\ Daily | NSE: KNRCON

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KNRCON is showing signs of accumulation and potential reversal after forming a strong base around ₹192–206. Today’s bullish candle backed by 15.38M volume (847% above average) suggests institutional accumulation.
The stock is currently testing the 78.6% Fibonacci retracement level near ₹240. A breakout above this level may confirm a trend reversal.\

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\🧠 Technical Highlights:\
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• \Trend:\ Attempting reversal from a downtrend that began at ₹415.40
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• \Volume Spike:\ 15.38M — 847% above average volume
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• \Resistance Zone:\ ₹240.24 (Fibonacci 78.6% level)
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• \Momentum Indicator:\ RSI \~65 and rising
  \[\*] \EMAs:\ Price above 20 & 50 EMA; 200 EMA overhead at ₹259.64
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\🔔 Trading Strategy\

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\Bullish Setup:\
Buy on breakout above ₹241 (close basis) with volume confirmation\

\Targets:\
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• T1: ₹254
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• T2: ₹277 (Fib 61.8%)
  \[\*] T3: ₹303 (Fib 50%)
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\Stop Loss:\ ₹220
\Trail SL:\ Shift SL to entry once ₹254 is crossed

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\⚠️ Disclaimer:\
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This analysis is for educational and informational purposes only and does not constitute investment advice. Please consult a SEBI-registered advisor before making any trading decisions. Market investments are subject to risks.\