KPR Mill Ltd (NSE) – Weekly Chart

Technical Analysis Notes :

Chart Type & Timeframe

• Timeframe: Weekly (1W)
  
• Instrument: KPR Mill Ltd (NSE)
  
• Currency: INR
  

Pattern Observed

• Rising Wedge Pattern identified, typically bearish.
  
• Bullish breakout above the upper trendline, invalidating the bearish setup.
  
• Breakout indicates strong bullish momentum.
  

Volume Analysis

• Significant volume spike during breakout candle.
  
• Confirms institutional participation and breakout reliability.
  

Price Action

• Breakout occurred above resistance zone of ₹1,200–₹1,250.
  
• Strong weekly close at ₹1,306.25, up +26.83%.
  
• Candle indicates high conviction buying.
  

Support & Resistance

• Support (former resistance): ₹1,200–₹1,250
  
• Immediate resistance: Around ₹1,400
  
• Next resistance zone (projected): ₹1,500–₹1,600
  

Indicators & Signals

• No indicators shown, but price action and volume strongly bullish.
  
• Long breakout candle = momentum confirmation.
  

Conclusion
Bias: Bullish
Trade Idea:
Buy on dips near ₹1,250–₹1,280
Stop Loss: Below ₹1,200
Targets: ₹1,400 (short term), ₹1,500+ (medium term)