KPRMILL - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.1

Here’s a detailed technical analysis of KPR Mill Ltd. (KPRMILL)

📊 Trend Overview

Current Trend: Trending Upward

Price is trading above both 50-DMA (₹1,054) and 200-DMA (₹1,027), confirming bullish momentum.

RSI at 69.4 is approaching overbought territory, indicating strong momentum but caution for short-term pullback.

MACD at 8.83 is positive, reinforcing bullish bias.

However, volume is significantly below the 1-week average, suggesting the rally lacks strong participation.

📈 Moving Averages

50-DMA: ₹1,054 — Short-term support.

200-DMA: ₹1,027 — Long-term support.

Price Action: Trading at ₹1,118, well above both DMAs — bullish setup.

📉 Momentum Indicators

RSI (14-day): 69.4 — Strong momentum, near overbought zone.

MACD: 8.83 — Bullish crossover, trend continuation.

Volume: 2.03 lakh vs 7.13 lakh — Weak volume, may limit breakout strength.

📊 Bollinger Bands

Price likely near upper band — signals strength but also potential for short-term consolidation.

No squeeze pattern detected.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,054 50-DMA, short-term support

Support 2 1,027 200-DMA, long-term support

Resistance 1 1,150 Minor resistance zone

Resistance 2 1,200–1,250 Trendline resistance zone

🎯 Entry & Exit Zones

Optimal Entry: ₹1,050–₹1,070 — On pullback near 50-DMA.

Exit Zone: ₹1,150–₹1,250 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Strong — MACD bullish, RSI rising.

Breakout Potential: Moderate — Needs volume confirmation.

Bias: Bullish — But monitor RSI and price action near resistance.

🧭 Summary

KPRMILL is currently trending upward with strong technical indicators. Price action above key moving averages, rising RSI, and bullish MACD suggest continued strength. Traders may consider entering on dips near ₹1,050–₹1,070 and targeting ₹1,150–₹1,250 for exits. A breakout above ₹1,200 with volume could signal further upside.

Let me know if you'd like a comparison with other textile stocks or alerts for breakout confirmation.

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