KPRMILL – Breakout in Progress | High Conviction Trade

KPRMILL – Breakout in Progress | High Conviction Trade
🟢 CMP: ₹1105.60
📆 Date: 17 June 2025
⏳ Timeframe: Positional (3–5 days)

🔍 Technical Setup
✅ Breakout above ₹1080 resistance after multi-week consolidation
✅ Strong bullish candle with above-average volume
✅ Holding well above 9 EMA & 21 EMA
✅ RSI rising, currently in bullish zone (60–70)
✅ Clean chart structure with minimal overhead resistance

🎯 Trade Plan
Buy Zone: ₹1090–₹1110

Stop Loss: ₹1065 (below breakout zone)

Target 1: ₹1145

Target 2: ₹1185

Target 3 (Stretch): ₹1230

Risk–Reward: Favorable (1:2.5+)

📌 Conviction Level: 🔥 High (90%)
📊 Backed by breakout, volume thrust & clean technicals

🚨 Caution: Avoid trade if price dips below ₹1065 with volume.
Watch early morning action (9:15–10:00) on 18 June to confirm strength.

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