KAYNES - Technical Analysis

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

Technical Rating: 2.9

Here’s a deep-dive technical analysis of Kaynes Technology India Ltd (KAYNES) based on current indicators and price behavior

📊 Trend Overview

Current Trend: Bearish to Early Consolidation

Price Action: Trading below 50 DMA (₹5,807) and near 200 DMA (₹5,381) — signals weakening momentum.

52W Index (42.9%): Price has retraced significantly from its high of ₹7,825, indicating a loss of bullish steam.

📈 Momentum Indicators

RSI (35.2): Weak — approaching oversold territory, suggesting caution but potential for reversal.

MACD (-78.2): Strongly negative — confirms bearish momentum and lack of buying strength.

Volume: Slightly above 1-week average — may indicate accumulation or speculative interest.

📉 Volatility & Bands

Bollinger Bands: Price likely near lower band — hints at short-term support but not a confirmed reversal.

Volatility: High — price swings are sharp, so risk management is key.

📌 Support & Resistance Zones

Level Price (₹)

Immediate Support 5,380–5,420 (near 200 DMA)

Strong Support 5,000–5,100 (psychological level)

Resistance 1 5,807 (50 DMA)

Resistance 2 6,200–6,400 (supply zone)

Resistance 3 7,000+ (long-term breakout level)

🎯 Entry & Exit Zones

Optimal Entry: ₹5,380–₹5,500 (if price stabilizes near 200 DMA)

Exit / Profit Booking: ₹5,800–₹6,200 (if price rebounds toward resistance)

🔍 Short-Term Signals

Momentum: Weak — RSI and MACD both suggest bearish undertone.

Trendline: Price breaking below short-term support — confirms downtrend.

Consolidation: Possible — if price holds near ₹5,400 with volume support.

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