KALYANJIL presents a compelling buy-side technical opportunity consolidating above key pivot ₹387.8 support (S1 ₹384.5/S2 ₹379.4) from neutral RSI(45.84-49.27) and STOCHRSI(25.8 oversold) signaling accumulation phase ripe for rebound amid jewellery sector resilience, with price holding 50/100/200 SMA cluster ₹442-505 despite short-term MAs resistance. MACD(-5.40) narrowing alongside low ADX(18-20.6) confirms downside exhaustion near S3 ₹376.1 zone, complemented by positive CMF(0.14) creating favorable risk-reward setup. Higher lows formation validates long entry targeting R1 ₹405.7/R2 ₹409.3 resistance with tight stops below S2 ₹379.4 for optimal upside capture post recent correction.Warning-
Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.