KIRLOSENG - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.8

Here’s a detailed technical analysis of Kirloskar Oil Engines Ltd. (KIRLOSENG)

📊 Trend Overview

Current Trend: 🔼 Trending Upward

Price is trading above both the 50-DMA (₹900) and 200-DMA (₹893), indicating a bullish structure.

The 52-week index at 53.2% shows the stock is mid-range, recovering from its low of ₹544.

RSI at 58.9 suggests healthy momentum, leaning bullish.

MACD at 2.94 is positive, confirming a bullish crossover and trend continuation.

📈 Moving Averages

50-DMA: ₹900 — Short-term support.

200-DMA: ₹893 — Long-term support.

Price Action: Current price of ₹941 is above both DMAs, reinforcing bullish sentiment.

📉 Momentum Indicators

RSI (14-day): 58.9 — Neutral to bullish zone, not yet overbought.

MACD: 2.94 — Bullish crossover, momentum building.

Volume: 1.96 lakh vs 1-week avg of 9.69 lakh — Significantly below average, indicating mild consolidation or lack of conviction.

📊 Bollinger Bands

Price likely near middle-to-upper band — moderate volatility.

No squeeze or breakout pattern detected, but setup favors continuation if volume improves.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 900 50-DMA, short-term support

Support 2 875 Previous swing low

Resistance 1 975 Minor resistance zone

Resistance 2 1,050–1,100 Trendline resistance zone

🎯 Entry & Exit Zones

Optimal Entry: ₹900–₹920 — On pullback near 50-DMA.

Exit Zone: ₹975–₹1,050 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Building — MACD bullish, RSI rising.

Breakout Potential: Moderate — Needs volume confirmation above ₹975.

Bias: Bullish — Trend intact, but volume needs to pick up.

🧭 Summary

KIRLOSENG is currently trending upward, supported by price action above key moving averages and strengthening momentum indicators. Traders may consider entering near ₹900–₹920 and targeting ₹975–₹1,050 for exits. A breakout above ₹975 with volume could signal further upside toward its previous high.

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