📊 Kirloskar Oil Engines Ltd – Bullish Structure with Recovery Momentum
The stock is showing signs of recovery after a healthy correction and is attempting to regain bullish momentum.
🔎 Technical Observations:
• Prior uptrend structure still intact (higher highs & higher lows earlier)
• Recent correction followed by bounce from support zone
• Formation of a rising wedge / consolidation pattern
• Price reclaiming short-term levels with improving momentum
• Volume gradually supporting the recovery
🔑 Key Levels to Watch:
• Immediate Support: ₹1320 – ₹1310
• Major Support: ₹1250 – ₹1200
• Immediate Resistance: ₹1430 – ₹1490
🚀 Upside Targets:
• ₹1490
• ₹1530
• ₹1590+
📉 Risk Scenario:
Breakdown below ₹1310 may weaken the structure and lead to further correction towards ₹1250
📈 Trading View:
👉 Stock is in recovery phase within a broader bullish structure
👉 A strong breakout above ₹1490 can trigger the next rally
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📈