KPITTECH

in Free Fall Strong Downtrend Signals Further Weakness

remain under strong bearish pressure as the stock continues to decline sharply with a clear pattern of lower highs and lower lows. The steep downtrend, accompanied by rising volumes and a strong ADX above 50, indicates that the bearish trend is well established and gaining strength. Additionally, the RSI has slipped deep into the oversold zone near 13, reflecting intense selling momentum and limited buying support at current levels. In my view, unless the stock stages a sharp technical bounce and reclaims the ₹700–₹720 zone, it may continue to remain under pressure and could drift toward the ₹600–₹580 levels in the near term.