KIMSKIMS - Price action is Bullish.
The stock gave a breakout above the ₹700–710 zone earlier.
Recently, it came down for a retest and respected that support level.
EMA Structure
Price is trading above all key EMAs (20, 50, 100, 200), also above 200ema for the last 4months.
This alignment shows a healthy uptrend and strong momentum.
Volume
On 8th Aug, there was a big red candle with slightly higher-than-average volume. It looked like profit booking or short-term panic selling, not a genuine trend reversal.
If the fall was real distribution, we would have seen more follow-up red candles with heavy volume. But instead, after that day, volume picked up on the upside, showing buyers absorbed the selling pressure and defended the support.
Price is trying to bounce back after retesting.
One must use the SL.
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📌 For learning and educational purposes only, not a recommendation. Please consult your financial advisor before investing.
