DAILY TECHNICAL ANALYSISKILOSKAR KNITWEAR CO LTD (KKCL) — DAILY TECHNICAL ANALYSIS
📅 Date: June 7, 2025
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🔹 Price Action Summary:
• Closed @ 484.4, up 6.94% from previous close
• Closed near the day’s high (486) — clear strength and aggressive buying
• Volume and price action both signaling a bullish reversal setup
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🔹 Chart Pattern:
• Double Bottom Breakout + Rising Window — signals trend reversal and bullish continuation
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🔹 Why Watch This? – Technical Indicators:
This stock is showing strong confluence of bullish signals:
✅ Bullish Marubozu
✅ Volume Breakout
✅ Strong Bullish Candle
✅ RSI Breakout
✅ Open = Low Setup
✅ Bollinger Band Breakout
✅ Bullish SuperTrend
✅ TTM Squeeze – Possible Breakout Phase
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🔹 Support & Resistance Levels:
• Resistance:
- R1: 495
- R2: 505
- R3: 525
• Support:
- S1: 465
- S2: 445
- S3: 435
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🔹 STWP TRADE ALERT:
• Long Entry Idea: 486
• Stop Loss (DCB): 455.25
• Swing Stop Loss: 434
• Reward Ratios: 1:1 | 1:2 | 🔼 Trail if momentum sustains
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🔹 Watchlist Grade:
🔥🔥🔥 (Momentum Breakout Setup)
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🔹 Strategy Note:
• Double bottom breakout with volume = high-conviction pattern
• Ideal for short-term swing and BTST setups
• Watch for follow-through above 486 for confirmation
• Any dip near 475–478 zone could offer better R:R for re-entry
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⚠️ Risk Management Tip:
• Avoid chasing — plan every trade with proper risk limits
• Always define your entry, stop loss, and target clearly
• Momentum setups need quick decisions — be disciplined
• Capital protection > greed — especially in overbought moves
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📢 Disclaimer
This content is for educational and informational purposes only.
It is not investment advice or a recommendation to buy/sell.
Stock market trading involves risk.
Always consult a SEBI-registered advisor before taking any trades.
The author is not SEBI-registered and is not responsible for any losses.
Practice good risk management and do your own research.
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👇 What’s Your View? – Drop your view or chart in the comments:
• Watching KKCL post this breakout?
• Will this move sustain above 486 or stall at resistance?
• Got an alternate view or chart setup?
💡 Always open to learning from fellow traders!
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🧠 Trade with Patience. Trade with Confidence.
🔔 Follow @simpletradewithpatience for more such insights!
