Kaynes Technology: Momentum Turns Positive

Kaynes Technology is attempting a recovery after finding support near the ₹3,100–3,200 area. Price is now trading above both moving averages, with the faster average near ₹3,403 holding above the slower average near ₹3,312. This alignment shows that short-term momentum has improved, although the broader structure still needs confirmation. KAYNES The coloured MACD has turned constructive. The MACD line is above the signal line and the histogram has moved into positive territory, showing that buying momentum is building. The latest upswing is encouraging, but the earlier swing high zone around ₹3,600–3,850 remains the key supply area. A sustained move above ₹3,500 can strengthen the recovery and open room towards ₹3,600. On the downside, ₹3,400 is the first moving-average support, followed by ₹3,310. Holding above these zones keeps the near-term momentum positive.