Kalyan Jewellers - Trendline breached
Topic Statement: Kalyan Jewellers' bullish momentum takes a break, as the stock price is entering a sideways phase for the coming weeks.
Key Points:
1. The mid-term uptrend line was breached, shifting the trend to sideways.
2. The stock has strong support at 650, aligned with the 38.2% retracement level.
3. A further correction to 530 is possible, where the 61.8% retracement level and accumulation zone may provide significant support.
Key Points:
1. The mid-term uptrend line was breached, shifting the trend to sideways.
2. The stock has strong support at 650, aligned with the 38.2% retracement level.
3. A further correction to 530 is possible, where the 61.8% retracement level and accumulation zone may provide significant support.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.