KAYNES - Swing Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Swing Trade Rating: 4.2

🔧 Kaynes Technology India Ltd (KAYNES) Swing Trade Analysis

KAYNES is a high-growth electronics manufacturer with strong fundamentals and a recent pullback in price, making it a promising swing trade candidate. Despite its rich valuation, the stock shows signs of reversal and institutional accumulation, which supports a short-term bullish outlook.

✅ Strengths

Fundamental Momentum

PAT Qtr: ₹116 Cr vs ₹66.5 Cr — strong 43% QoQ growth

EPS: ₹45.8 — robust earnings base

ROCE: 14.4%, ROE: 11.0% — solid operational efficiency

Debt-to-equity: 0.32 — low leverage

Institutional Sentiment

DII holding ↑ 5.41% — strong domestic confidence

Technical Setup

Price near 200 DMA (₹5,381) — potential support zone

Volume: 3.35L vs Avg: 2.79L — rising interest

RSI: 35.2 — approaching oversold zone

Growth Outlook

PEG Ratio: 1.38 — fair valuation for growth

Strong order book and expansion in IoT, automotive, and aerospace segments

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⚠️ Weaknesses

Valuation

P/E: 127 vs industry average of 37.2 — extremely overvalued

Book Value: ₹444 vs CMP ₹5,542 — trading at 12.5x book

Technical Indicators

MACD: -78.2 — bearish momentum

Price below 50 DMA (₹5,807) — short-term weakness

FII Sentiment: FII holding ↓ 0.46% — mild foreign selling

Dividend Yield: 0.00% — no income support

🎯 Optimal Entry Price

Entry Zone: ₹5,400–₹5,500

Near 200 DMA and recent support zone

Confirm entry with RSI > 38 and MACD flattening

Look for bullish candlestick pattern (e.g., hammer, morning star)

🚪 Exit Strategy (If Already Holding)

Short-Term Target: ₹5,750–₹5,850

Based on resistance near 50 DMA and recent swing highs

Stop Loss: ₹5,280

Below 200 DMA and recent support

📌 Summary

KAYNES is a technically oversold but fundamentally strong stock with high growth potential. Entry near ₹5,400–₹5,500 offers a favorable swing setup. If already holding, consider exiting near ₹5,850 or trail stop loss to ₹5,280.

For live charting and confirmation, check KAYNES on TradingView

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or explore DailyBulls price target forecasts

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trendlyne.com

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in.tradingview.com

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dailybulls.in

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