KNRCON - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.1

Here’s a detailed technical analysis of KNR Constructions Ltd. (KNRCON)

📊 Trend Overview

Current Trend: Reversing from Downtrend

Price is trading slightly above the 50-DMA (₹205) but still below the 200-DMA (₹237), suggesting a weak recovery attempt.

The 52-week index at 10.9% reflects a steep correction from the high of ₹359.

RSI at 59.9 is approaching bullish territory, indicating improving momentum.

MACD at -1.40 remains negative, signaling that the reversal is not yet confirmed.

📈 Moving Averages

50-DMA: ₹205 — Immediate support.

200-DMA: ₹237 — Long-term resistance.

Price Action: Current price of ₹208 is above the 50-DMA but below the 200-DMA — a transitional zone.

📉 Momentum Indicators

RSI (14-day): 59.9 — Neutral to mildly bullish.

MACD: -1.40 — Bearish crossover, momentum still under pressure.

Volume: 91.9 lakh vs 1-week avg of 170.4 lakh — Significantly below average, indicating weak conviction.

📊 Bollinger Bands

Price likely near middle band — low volatility.

No breakout or squeeze pattern detected.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 205 50-DMA, short-term support

Support 2 189 52-week low, major support

Resistance 1 220 Minor resistance zone

Resistance 2 237 200-DMA, long-term resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹205–₹210 — Near 50-DMA with tight stop-loss.

Exit Zone: ₹220–₹235 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Stabilizing — RSI rising, MACD still negative.

Breakout Potential: Low — Needs volume surge and MACD crossover.

Bias: Cautiously bullish — Watch for breakout above ₹220 with volume confirmation.

🧭 Summary

KNRCON is currently reversing from a prolonged downtrend. Price action above the 50-DMA and improving RSI suggest early signs of recovery, but MACD and volume trends remain weak. Traders may consider entering near ₹205–₹210 and targeting ₹220–₹235 for exits. A breakout above ₹237 would confirm trend reversal.

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