Kaynes Technology India Ltd – Consolidation Near Support
KAYNES
The stock is consolidating after a sharp correction, with price holding above the ₹3,535 support zone and showing signs of short-term recovery.
🔎 Technical View:
• Consolidation after recent correction
• Support holding near ₹3,535
• Bullish recovery attempt visible
• RSI near 52, showing neutral-to-positive momentum
• MACD stabilizing after the decline
🔑 Key Levels:
• Support: ₹3,535 – ₹3,389
• Major Support: ₹3,243
• Resistance: ₹3,680 – ₹3,758
• Major Resistance: ₹3,826
🚀 Targets:
• ₹3,680
• ₹3,758
• ₹3,826+
📉 Risk:
Break below ₹3,535 may weaken the setup.
📈 View:
Sustained move above ₹3,680 can support further upside toward higher resistance levels.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊