Kaynes Stock in Range as ₹4,120 Resistance Holds Key

Kaynes Technology remains within a broad ₹2,995–₹4,540 range after a sharp correction. Key support at ₹2,995 and resistance levels remain in focus. Kaynes Technology is facing renewed volatility as the stock continues to trade within a broader sideways range of ₹2,995–₹4,540, a zone that has remained relevant since December 2025. The stock witnessed a sharp decline of more than 36% during December 2025 and January 2026. More recently, shares fell nearly 31% in five sessions following a critical report from Kotak Equities. The report raised questions around certain financial disclosures and related-party transactions, including inter-company transactions, goodwill and contingent liabilities. Subsequently, some mutual funds reduced their holdings. From a technical perspective, the ₹2,995–₹4,538 zone remains crucial. The lower end is an important support area, while the upper end continues to act as major resistance. Immediate resistance: ₹4,120 Major resistance: ₹4,540 Key broader support: ₹2,995 On 23 September 2026, Kaynes Technology was under an F&O ban. With the stock caught between major technical levels, traders may closely monitor a sustained move beyond these zones for the next directional signal. Disclosure: I do not hold any position or have any financial interest in the mentioned stock.