KEI Industries: MACD Recovery Builds Momentum

KEI Industries is attempting a recovery after finding support near the ₹3,750–3,850 zone. Price has bounced back to around ₹4,040 and is now trading above the slower moving average near ₹3,976. The faster moving average near ₹4,108 remains the immediate hurdle, making this an important decision zone for the recovery. KEI The coloured MACD has improved meaningfully. The MACD line has moved above the signal line, while the histogram has turned green and is expanding. This indicates that downside momentum is fading and buyers are regaining control after the recent correction. Since both MACD lines remain below the zero line, the setup is still an early-stage recovery rather than a fully confirmed trend reversal. The ₹4,108–4,200 area is the immediate resistance band. A sustained move above it can strengthen the recovery and open room towards ₹4,400. On the downside, ₹3,976 is the first support, followed by ₹3,840. Holding above the slower moving average while the MACD histogram remains positive would keep the recovery structure constructive.