Kirloskar Brothers cmp 2187.15 by Daily Chart view*Kirloskar Brothers cmp 2187.15 by Daily Chart view*
- Support Zone 1885 to 1925 Price band
- Resistance Zone 2240 to 2295 Price band
- Daily basis Support at 1965 > 1725 > 1520 with Resistance at 2375 > 2495 > ATH 2684
- Back to back Bullish Rounding Bottom formed by testing retesting along neckline at Support Zone
- Price is hovering over the Rising Support Trendline after breakout above Falling Resistance Trendline
- Volumes are seen to be spiking intermittently over the past few weeks with huge demand based buying
Kirloskarbrothers
#LONG: Multi-year Breakout in KIRLOSKAR BROS.The scrip was trading below multi-year resistance trend line since 2011.It gave a breakout from the trend line in the month of May'23, forming a large bullish candle on monthly time frame rising 34.6% in May'23 itself. In last 3 months(including the ongoing month) it has risen by approx 57%. The Stock rose nearly 2.14% today hitting an ATH of 654.70, which is also a 10-Year High.
Stop Loss: 600 (daily closing basis)
Potential: 45 to 76%
Time period: 3-6 months(Expected)