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Technicals for Kaynes Technology India Limited
By MusingTheNews
2025-05-30 20:44
Overall Technical outlook
Price Summary
On 2025-05-30, KAYNES's stock began at 6005.0, peaked at 6048.0, dipped to 5965.0, and closed up -0.42% at 5980.0, with a volume of 197804 shares. In the past year, the highest stock price was 7597.55, and the lowest was 2836.8. Based on recommendations from 20 analysts, the future price of KAYNES is expected to range from 4280.0 to 7660.0, with an average price expectation around 6131.45.
Technicals
Support and Resistance: At 5980.0, the price is supported at 5919.6 and faces resistance at 6225.5. This range suggests that the price for KAYNES might stay between these levels, with 5919.6 acting as a floor and 6225.5 as a ceiling. Support/Resistance for KAYNES
Aroon: The AROON is in a neutral stance for KAYNES, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Aroon chart for Kaynes Technology India Limited
Bol. Bands: The BOLL BANDS is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Bolinger Bands chart for Kaynes Technology India Limited
Parabolic SAR: The PSAR maintains its bearish stance, establishing a resistance level that could cap any attempts at upward movement. This persistent bearish outlook suggests that the market may continue to face downward pressure, with resistance preventing significant gains. Parabolic Stop and Reverse chart for Kaynes Technology India Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Stochastic chart for Kaynes Technology India Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 period moving averages indicates a bearish trend for KAYNES, with ongoing downward pressure. Yet, the slower SMAs are starting to lose steam, which might suggest a weakening in this trend. This could be an early sign that the market is preparing to pivot towards a bullish direction, as the current bearish momentum shows signs of faltering. Tripple SMA chart for Kaynes Technology India Limited
A thorough analysis of a company involves looking at both its fundamentals and technical data. The fundamentals, including revenue, profitability, and management quality, offer insight into the company's long-term value. Additionally, understanding the broader industry context, such as market competition and regulatory challenges, helps to better interpret the company's stock performance. By combining both fundamental and technical analysis, you can derive more meaningful inferences about the company's future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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