KAYNES - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.4

Here’s a detailed technical analysis of Kaynes Technology India Ltd. (KAYNES)

📊 Trend Overview

Current Trend: 🚀 Trending Upward

Price is trading well above both the 50-DMA (₹6,433) and 200-DMA (₹5,714), confirming a strong bullish trend.

The 52-week index at 85.1% shows the stock is near its yearly high of ₹7,825, reflecting sustained strength.

RSI at 75.0 is in overbought territory, signaling strong momentum but caution for short-term pullback.

MACD at 297 is highly bullish, reinforcing trend continuation.

📈 Moving Averages

50-DMA: ₹6,433 — Short-term support.

200-DMA: ₹5,714 — Long-term support.

Price Action: Current price of ₹7,229 is significantly above both DMAs, indicating strong upward momentum.

📉 Momentum Indicators

RSI (14-day): 75.0 — Overbought zone, potential for short-term cooling.

MACD: 297 — Strong bullish crossover, trend continuation.

Volume: 2.07 lakh vs 1-week avg of 3.40 lakh — Below average, suggesting rally may lack conviction.

📊 Bollinger Bands

Price likely near upper band — signals strength but also potential for short-term consolidation.

No squeeze pattern detected, but volatility expansion favors continuation.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 7,000 Psychological and recent swing low

Support 2 6,430 50-DMA, strong technical support

Resistance 1 7,400 Minor resistance zone

Resistance 2 7,825 52-week high, major resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹7,000–₹7,100 — On pullback near support.

Exit Zone: ₹7,400–₹7,800 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Strong — MACD bullish, RSI overbought.

Breakout Potential: High — But volume needs to pick up.

Bias: Bullish — Trend intact, but short-term caution advised due to RSI.

🧭 Summary

KAYNES is currently trending upward with strong technical indicators. Price action above key moving averages, a high RSI, and bullish MACD suggest continued strength. Traders may consider entering on dips near ₹7,000–₹7,100 and targeting ₹7,400–₹7,800 for exits. A breakout above ₹7,825 with volume could signal further upside, but RSI suggests watching for short-term cooling.

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