KAYNES - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | KAYNES | Market Cap | 21,654 Cr. | Current Price | 3,230 ₹ | High / Low | 7,705 ₹ |
| Stock P/E | 84.6 | Book Value | 671 ₹ | Dividend Yield | 0.00 % | ROCE | 10.6 % |
| ROE | 7.17 % | Face Value | 10.0 ₹ | DMA 50 | 3,773 ₹ | DMA 200 | 4,502 ₹ |
| Chg in FII Hold | -1.59 % | Chg in DII Hold | -1.60 % | PAT Qtr | 71.0 Cr. | PAT Prev Qtr | 67.6 Cr. |
| RSI | 37.7 | MACD | -219 | Volume | 12,96,608 | Avg Vol 1Wk | 21,32,877 |
| Low price | 2,995 ₹ | High price | 7,705 ₹ | PEG Ratio | 2.16 | Debt to equity | 0.07 |
| 52w Index | 4.98 % | Qtr Profit Var | 17.5 % | EPS | 37.9 ₹ | Industry PE | 31.8 |
📈 Chart Patterns: KAYNES is in a steep downtrend, falling from its 7,705 ₹ high to 3,230 ₹, close to its recent low of 2,995 ₹. Trendlines confirm bearish continuation with failed recovery attempts.
📊 Moving Averages: Current price (3,230 ₹) is below DMA 50 (3,773 ₹) and DMA 200 (4,502 ₹), confirming strong bearish momentum.
📉 RSI: At 37.7, RSI indicates oversold conditions, suggesting potential for a short-term rebound.
📌 MACD: Deeply negative at -219, confirming strong bearish momentum.
📈 Bollinger Bands: Price near lower band, highlighting oversold territory and possible bounce attempts.
🔎 Volume Trends: Current volume (12.9 lakh) is below average (21.3 lakh), showing weak participation and lack of conviction.
🎯 Momentum Signals: Bearish bias dominates, though oversold RSI and lower Bollinger Band hint at short-term rebound potential.
📍 Entry Zone: 3,000–3,150 ₹ (support near 52-week low).
📍 Exit Zone: 3,600–3,700 ₹ (resistance near DMA 50).
📊 Trend Status: Reversing into bearish consolidation; recovery only if price sustains above 3,773 ₹ (DMA 50).
Positive
- Quarterly PAT growth (+17.5%) from ₹67.6 Cr. to ₹71 Cr.
- EPS at ₹37.9 supports earnings strength.
- Low debt-to-equity (0.07) ensures financial stability.
Limitation
- Price below both DMA 50 and DMA 200.
- Weak volume participation undermines breakout potential.
- High P/E (84.6) compared to industry average (31.8).
- PEG ratio of 2.16 indicates valuation stretch.
Company Negative News
- FII holding reduced (-1.59%).
- DII holding declined (-1.60%).
- Stock underperforming sector with 52w Index at just 4.98%.
Company Positive News
- PAT improved (+17.5%).
- EPS remains strong at ₹37.9.
- Debt-free balance sheet supports fundamentals.
Industry
- Industry PE at 31.8, much lower than KAYNES’s P/E (84.6), showing premium valuation.
- Sector momentum weak with 52-week index at 4.98%.
Conclusion
⚖️ KAYNES is consolidating near lows with bearish signals. Entry near 3,000–3,150 ₹ offers defensive positioning, while exits around 3,600–3,700 ₹ capture resistance levels. Strong fundamentals provide support, but weak momentum, premium valuation, and declining institutional holdings warrant cautious trading until price sustains above DMA 50.
I can refine this into a short-term rebound setup with stop-loss levels, or expand it into a swing trade plan with holding period guidance.