“The stock in this quarter posted a strong Bullish candlestick bar with a golden crossover of long-term moving averages (50,100 & 200) on daily charts. Price target projected for this pattern is placed at Rs 345 levels & a move below 120 levels on a closing basis would negate the same,” recommends Deodhar.
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