Investors always wish to buy shares at a lower price than what they are trading at currently. But, when the shares plunge due to uncertain circumstances, they often get scared to buy and speculate what will happen next.
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