Kalpataru Projects – Technical Insight

Kalpataru Projects – Technical Insight (For Educational Purpose Only | SEBI Reg. INH000019886) 🔹 Technical View: Price recently corrected after forming a Rising Wedge, a bearish pattern. Current candles taking support near the lower Bollinger Band – early signs of a possible short-term pullback. Momentum indicators showing mild bearish pressure but trying to stabilise. 🔹 Key Levels: Upside: ₹1,260 – ₹1,300 (resistance zone) Downside Supports: ₹1,186 (immediate), ₹1,140 (major support) 💡 Overall trend weak but short-term bounce possible if price sustains above ₹1,220. ⚠️ Disclaimer: Educational analysis only, not a buy/sell call.