Turning Bullish: Kalyan Jewellers
Kalyan Jeweller has turned bullish.
In September 2024, the level reached an all-time high of 786 levels. This surge in stock price has been attributed to a combination of strong sales performance and positive market sentiment. Analysts are optimistic that the company's expansion strategies will continue to drive growth in the coming quarters.
Since then, it has been under heavy selling pressure, and the price fell swiftly to 632 levels (approximately 19% down).
However, it found strong support near the 100 EMA level (blue line).
Over the past few sessions, the stock has shown bullish momentum with a strong buildup in volume.
Support levels: 635, 533
Resistance levels: 729, 784
In September 2024, the level reached an all-time high of 786 levels. This surge in stock price has been attributed to a combination of strong sales performance and positive market sentiment. Analysts are optimistic that the company's expansion strategies will continue to drive growth in the coming quarters.
Since then, it has been under heavy selling pressure, and the price fell swiftly to 632 levels (approximately 19% down).
However, it found strong support near the 100 EMA level (blue line).
Over the past few sessions, the stock has shown bullish momentum with a strong buildup in volume.
Support levels: 635, 533
Resistance levels: 729, 784
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