KALYANKJIL

Trend Breakdown Signals More Pain Ahead

has turned decisively bearish after a sharp breakdown below the key ₹500–510 support zone, accompanied by heavy selling volumes. The stock is now trading well below its short- and medium-term moving averages, reflecting sustained distribution, while the recent long red candle signals strong bearish conviction. With ADX rising near 22, downside momentum is strengthening, and unless the stock quickly reclaims ₹420–440, further weakness toward the ₹360–380 zone cannot be ruled out in the near term.