Positional trade setup for Kirloskar Brothers Ltd (NSE: KIRLOSBR

🔍 Key Technical Observations:

Price Action:

Current Price: ₹1,735.50 (+4.96% rally)

Trading near upper channel of descending pattern (₹1,893 resistance)

Strong support at ₹1,633

Indicators:

Price above 200-EMA (₹1,083.74) - long-term bullish

Volume spike (812K) supporting upward move

📊 Trade Setup:
▶️ Entry Zone: ₹1,700-1,735 (current levels)
🎯 Targets:

₹1,893 (immediate channel resistance)

₹2,000+ (channel breakout)
⚠️ Stop Loss: ₹1,600 (below recent swing low)

⏳ Timeframe: 3-6 month positional trade

💡 Key Considerations:

Break above ₹1,893 could confirm trend reversal

Monitor volume on breakout attempts

Industrial sector momentum important

📌 Risk Management:

Partial profits at ₹1,850

Trail stop to ₹1,750 after ₹1,850 break

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