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Rajneesh Sharma CFTe

9th Jan · SEBI-Registered Analyst

Krystal Integrated Services Ltd – Price Stabilisation Near Supply Zone with Improving Momentum

KRYSTAL
The stock is attempting to stabilise after a sharp corrective phase and has rebounded from a well-defined support area. Current price action is positioned at a technically sensitive zone. 🔍 Key Technical Observations Price Structure The broader structure remains corrective, though recent candles indicate base formation rather than further breakdown. Price is consolidating after a rebound, suggesting reduced selling pressure. Support & Resistance A strong support zone is visible near recent lows, where buying interest emerged. Overhead, a heavy supply area around ₹650–700 remains a key hurdle, with historical congestion and rejections. 30-Week SMA Price is attempting to sustain above the 30-week SMA, which is acting as a short-term trend pivot. Volume & Momentum Volume has expanded on the recent bounce, indicating participation. RSI has recovered from near-oversold levels and is trending higher, though still below stronger bullish zones. 🧩 Technical Interpretation The chart reflects early stabilisation with improving momentum within a broader corrective trend. While downside pressure has eased, overhead supply continues to cap clarity, keeping the structure neutral-to-improving. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)

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