KIOCL on the verge of 8 years BreakOut

📊 KIOCL Ltd – 8-Year Breakout Summary

🔑 Price Action Overview

The stock is trading at ₹528.80 (+19.99%), hitting an upper circuit with strong momentum.

Price is on the verge of a multi-year breakout from the consolidation zone that lasted nearly 8 years (2017–2025).

Historically, every breakout in KIOCL has led to sharp parabolic moves (2017 rally, 2020 rally, 2024 rally).



📈 Key Resistance Levels

1. ₹540 – ₹560 zone → Immediate breakout resistance (current price testing this zone).


2. ₹620 – ₹650 → Next major resistance; earlier rejection zones in 2017 and 2024.


3. ₹750 – ₹800 → Medium-term resistance zone.


4. ₹900 – ₹1000 → Psychological & historical supply zone.


📉 Key Support Levels

1. ₹500 – ₹510 → Immediate support (previous resistance now acting as support).


2. ₹450 – ₹460 → Strong support, base of recent rally.


3. ₹400 – ₹410 → Long-term support, multiple touch points (2023–24).


4. ₹340 – ₹350 → Strong multi-year support zone; breakdown here invalidates bullish structure.



🔍 Volume & Strength

Volume has spiked sharply (11.5M vs avg 9.9M), confirming institutional buying interest.

Weekly chart breakout with highest volume in years indicates accumulation phase turning into expansion phase.



📊 Technical Indicators

Momentum: RSI likely entering overbought zone but still bullish (strengthening breakout).

Trend: Higher highs & higher lows visible since mid-2023.

Pattern: Cup & Handle / Long-term Rectangle breakout.



🚀 Upside Potential

Measured move targets (based on breakout projections):

First Target: ₹620 – ₹650 (20–25% upside)

Second Target: ₹750 – ₹800 (45–50% upside)

Final Target: ₹900 – ₹1000 (80–85% upside)



⚠️ Risks

Profit booking after sharp rallies.

If it fails to sustain above ₹500 support, trend may weaken.

PSU stocks can be volatile due to government policies.


✅ Summary in One Line:
KIOCL is on the verge of an 8-year breakout with strong volumes. Sustaining above ₹500–₹510 opens the gates for ₹620 → ₹750 → ₹900+ in the medium to long term, while downside is protected by ₹450 & ₹400 supports.