KPR Breakout from Multi-Year Resistance with Strong Momentum

٢٤ سبتمبر

KPR Mill has broken out of a nearly 3-year old resistance at 990, supported by strong volumes, indicating robust bullish momentum. The 4-year old trendline, along with the 50 EMA at 820, acts as a solid support level, showing sustained investor confidence. The RSI is trending upwards, suggesting increasing strength. With a clear breakout, the stock has the potential to reach higher levels, making it an attractive opportunity for long positions.