Kalyan Jewellers is showing signs of weakness after failing to sustain at higher levels, indicating selling pressure on rallies. Technically, the stock is trading below key short-term moving averages, suggesting a bearish bias in the near term. From a fundamental angle, margin concerns and volatility in gold prices may cap upside momentum. If the price stays below the 480 zone, further downside toward lower support levels cannot be ruled out.Warning-
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