Kirloskar Oil Engines Limited (KIRLOSENG) Stock - Complete Technical Analysis - Sep 19, 2024

Kirloskar Oil Engines Stock Analysis Key Support & Resistance Levels September 2024

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Kirloskar Oil Engines Limited (KIRLOSENG) is currently trading at 1,247, which is approximately 14% below its 52-week high of 1,450. The stock has shown a significant recovery from its 52-week low of 474.5, indicating strong upward momentum over the past year.

Technical indicators suggest a bearish sentiment in the short term. The ADX shows a weak trend, while the RSI and Stochastic RSI are in oversold territory, pointing towards potential further declines or consolidation. The MACD and Momentum indicators are also negative, reinforcing the current downtrend. However, the Awesome Oscillator is slightly positive, hinting at possible bullish reversals.

Support levels to watch are near 1,200 and 1,150, while resistance levels are around 1,300 and 1,350. The stock is experiencing high volatility, so traders should be cautious and look for confirmation before making significant moves.