#LONG: Multi-year Breakout in KIRLOSKAR BROS.

The scrip was trading below multi-year resistance trend line since 2011.It gave a breakout from the trend line in the month of May'23, forming a large bullish candle on monthly time frame rising 34.6% in May'23 itself. In last 3 months(including the ongoing month) it has risen by approx 57%. The Stock rose nearly 2.14% today hitting an ATH of 654.70, which is also a 10-Year High.

Stop Loss: 600 (daily closing basis)

Potential: 45 to 76%
Time period: 3-6 months(Expected)

Kommentera:

Target 1 achieved on 14th Aug '23

Kommentera:

ready to achieve target 2

Kommentera:

Target 2 achieved on 19th Oct' 23!!