KPR Mill Ltd – Potential Reversal From Demand Zone
The stock is showing signs of base formation after a prolonged correction and is attempting a recovery from the lower demand zone.
🔎 Technical Observations:
• Earlier Falling Wedge structure indicating a potential reversal setup
• Price forming double bottom structure near ₹800–₹820 zone
• Recent bullish candle suggesting buying interest from lower levels
• Momentum indicators stabilizing after oversold conditions
• Price attempting to reclaim short-term resistance
🔑 Key Levels to Watch:
• Immediate Resistance: ₹885 – ₹920
• Breakout Confirmation: Above ₹920
• Immediate Support: ₹820
• Major Support: ₹800
🚀 Upside Targets (If Breakout Sustains):
• ₹985
• ₹1,040
• ₹1,120+
📉 Risk Scenario:
If the stock fails to hold ₹820, price may again test the ₹800 demand zone.
⚠️ For educational purposes only. Not a buy/sell recommendation.
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