Given the relatively better performance of the midcap stocks’ universe when compared to the main indices, some rebound in price in this stock cannot be ruled out when supported by important technical developments on the charts.
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