“There is no sign of any tiredness in the market at the highs. The near-term upside target to be watched is 17,800 and immediate support is placed at 17,150,” said Nagaraj Shetti, technical research analyst at HDFC Securities.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of