Kaynes Technology – Trend Reversal Attempt on Daily Chart

📊 Kaynes Technology – Trend Reversal Attempt on Daily Chart After a prolonged downtrend, the stock is showing early signs of strength with a base formation near the lower Bollinger Band. 🔎 Technical Highlights: Strong bounce from ₹3,350–₹3,400 demand zone Price reclaiming 20 EMA Trading near upper Bollinger Band → volatility expansion RSI moving above 60 → bullish momentum building Gradual increase in volume during upmove 🔑 Key Levels: Immediate Resistance: ₹4,200–₹4,250 Breakout Confirmation Above: ₹4,300 Immediate Support: ₹3,750 Major Support: ₹3,350 🚀 Sustained breakout above ₹4,300 can trigger momentum towards: ₹4,800 ₹5,200–₹5,500 (positional view) Structure suggests a potential medium-term reversal, but confirmation above resistance is crucial. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS