Kaynes Technology: Waiting for a Weekly Ichimoku Reclaim

closed at ₹3,515 on the weekly chart, almost unchanged for the week. The stock has been consolidating after a sharp decline from above ₹7,000, and the recent price action is showing some base formation near the ₹3,200–₹3,300 region. The Ichimoku structure remains cautious. Price is below the Tenkan-sen near ₹3,624 and the Kijun-sen near ₹3,767. It is also below the weekly cloud, whose lower boundary is around ₹3,696. This means the short-term recovery has not yet become a confirmed trend reversal. The first hurdle is ₹3,625, followed by the ₹3,767–₹3,800 zone. A weekly close above ₹3,800 would improve the setup and could open the way towards ₹4,000. On the downside, ₹3,293 is the immediate support, while ₹3,000 is the next major level if that support fails. Kaynes operates in the electronics manufacturing and technology space, a structurally attractive theme, but the chart is still in repair mode. The stock needs to reclaim the Tenkan, Kijun and cloud in sequence before a stronger uptrend can be considered confirmed.