Trading Idea: Kalyan Jewellers
Current Price: ₹777.80
💡 **Key Levels to Watch:**
- **Resistance Zone**: ₹794.70
- **Target**: ₹874.20
- **Stop Loss**: ₹758.95
📈 The stock is showing bullish momentum with strong volume and staying above key EMAs (746.22, 723.67). A breakout above ₹794.70 could signal further upside toward ₹874.20.
💡 **Strategy:**
1️⃣ **Buy Zone**: Above ₹780 for confirmation of the breakout.
2️⃣ **Stop Loss**: ₹758.95 to manage risk.
3️⃣ **Target**: ₹874.20 for a potential upside of ~12%.
🚨 **Note:** Trade with proper risk management. 📉 Avoid entry if the stock closes below the stop loss level.
💡 **Key Levels to Watch:**
- **Resistance Zone**: ₹794.70
- **Target**: ₹874.20
- **Stop Loss**: ₹758.95
📈 The stock is showing bullish momentum with strong volume and staying above key EMAs (746.22, 723.67). A breakout above ₹794.70 could signal further upside toward ₹874.20.
💡 **Strategy:**
1️⃣ **Buy Zone**: Above ₹780 for confirmation of the breakout.
2️⃣ **Stop Loss**: ₹758.95 to manage risk.
3️⃣ **Target**: ₹874.20 for a potential upside of ~12%.
🚨 **Note:** Trade with proper risk management. 📉 Avoid entry if the stock closes below the stop loss level.
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