KALYANKJIL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.2

Here’s a detailed technical analysis of Kalyan Jewellers India Ltd. (KALYANKJIL)

📊 Trend Overview

Current Trend: 🔄 Reversing from Downtrend

Price is trading below both 50-DMA (₹531) and 200-DMA (₹543), indicating a bearish structure.

The 52-week index at 29.2% shows the stock is still near the lower end of its yearly range, having corrected sharply from its high of ₹795.

RSI at 47.5 is neutral, suggesting indecision.

MACD at -8.18 is bearish, confirming downward momentum.

📈 Moving Averages

50-DMA: ₹531 — Immediate resistance.

200-DMA: ₹543 — Long-term resistance.

Price Action: Current price of ₹515 is below both DMAs, suggesting weakness but potential for reversal if support holds.

📉 Momentum Indicators

RSI (14-day): 47.5 — Neutral zone, no strong momentum.

MACD: -8.18 — Bearish crossover, trend still under pressure.

Volume: 29.9 lakh vs 1-week avg of 45.3 lakh — Below average, indicating low conviction.

📊 Bollinger Bands

Price likely near middle band — low volatility.

No breakout or squeeze pattern detected.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 500 Psychological and recent swing low

Support 2 475 Historical support zone

Resistance 1 531 50-DMA, immediate resistance

Resistance 2 543 200-DMA, major resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹500–₹515 — Near support with tight stop-loss.

Exit Zone: ₹530–₹545 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Weak — MACD bearish, RSI neutral.

Breakout Potential: Low — No volume surge or trendline breakout.

Bias: Cautiously bearish — Wait for reversal signals or breakout above ₹531.

🧭 Summary

KALYANKJIL is currently reversing from a prior uptrend, with bearish momentum and price action below key moving averages. RSI and MACD suggest indecision, while low volume confirms lack of buying interest. Traders should wait for a confirmed bounce from ₹500 or a breakout above ₹531 before initiating positions.

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