KPR Mill has turned bullish.
In September 23, 2024, it reached an all time high of 1053 levels.
Since then, it came under heavy selling pressure, and the price fell swiftly to 878 levels (approx. 16% down).
However, it took support just near the 100EMA level (blue line) and consolidating around 900+ levels.
In the past few sessions, the stock has been in bullish momentum with strong volume buildup.
Support levels: 878, 846
Resistance levels: 973, 1008, 1053
In September 23, 2024, it reached an all time high of 1053 levels.
Since then, it came under heavy selling pressure, and the price fell swiftly to 878 levels (approx. 16% down).
However, it took support just near the 100EMA level (blue line) and consolidating around 900+ levels.
In the past few sessions, the stock has been in bullish momentum with strong volume buildup.
Support levels: 878, 846
Resistance levels: 973, 1008, 1053
Trade active
I suggested KPR Mills around 900 levels.Since then it has turned super bullish and reached 1147 levels.
It has been in strong correction and profit booking since then.
It broke the strong support levels of 878 and 846 levels.
In the last couple of sessions, it has turned bullish again.
The support of 846 level was respected and 878 levels are tested again.
We can expect some good movement from here.
The company has strong demand outlook and a new capex is expected shortly.
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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.