🔄 KAYNES TECHNOLOGY — Follow-Up Post (After Panic Crash & Bounce)

continues to stabilise after the brutal fall triggered by accounting & governance concerns raised by Kotak Institutional Equities, prompting a sharp derating. 📉 Why the Fall Happened Kotak flagged: Aggressive revenue recognition in Iskraemeco acquisition. Confusion in goodwill accounting adjustments. High capitalised expenses leading to inflated reported margins. This created sentiment shock, triggering FII selling and long unwinding. 📈 Current Technical Setup Price has bounced from ₹3,700–3,900 demand zone, recovering to ₹4,260+. RSI recovering from extreme oversold (21 → 31+) — early sign of stabilisation. Volume pattern shows capitulation selling, followed by bargain buying. 📌 Trend View Short-term trend still weak, but a base formation attempt is visible. A close above ₹4,700 will confirm strength. Downtrend invalidation only above ₹5,200–5,350.