[ad_1]
KPR Mill is currently at its 52-week high, displaying a bullish candle on the daily chart after a breakout from a rising parallel channel pattern, backed by strong volumes and technical signals.
The stock is trading above all major EMAs, indicating strong support levels. However, the RSI (14) is in the overbought zone, hinting at a potential minor throwback.
Additionally, the MACD line being significantly above the signal line suggests a short-term bearish divergence.
Despite the likelihood of a near-term cool-off, the long-term outlook remains bullish, presenting a buy-on-dips opportunity.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
[ad_2]
Source link
