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KALYAN JEWELLERS IND LTDKALYAN JEWELLERS IND LTDKALYAN JEWELLERS IND LTD

KALYAN JEWELLERS IND LTD

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KALYANKJIL trade ideas

Kalyan Jewellers India Ltd - Breakout Setup, Move is ON...#KALYANKJIL trading above Resistance of 731 Next Resistance is at 910 Support is at 614 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:KALYANKJILLong
by MandeepSinghKohli
2
Kalyan JewellersThe chart for Kalyan Jewellers displays a classic Symmetrical Triangle pattern, which is a bullish continuation pattern. The price has formed converging trendlines, with lower highs and higher lows, indicating consolidation. Recently, the price has broken out above the upper trendline near ₹750, confirming bullish momentum, supported by a noticeable surge in volume. Traders can consider a buy recommendation at current levels, targeting ₹850, calculated by adding the height of the triangle (₹100) to the breakout level. To manage risk, a stop-loss should be placed below the lower trendline or recent swing low, around ₹720-₹730. With the RSI nearing overbought levels at 68, it's essential to monitor for signs of exhaustion, but the breakout suggests a favorable upside in the near term.
NSE:KALYANKJIL
by Simplecharttraders
Kalyan Jewellers India Ltd - Breakout Setup, Move is ON...#KALYANKJIL trading above Resistance of 463 Next Resistance is at 731 Support is at 341 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:KALYANKJILLong
by MandeepSinghKohli
2
Kalyan Jewellers. Aiming for another up move?#Tradeideas. #klayanjewellers. After a strong stage 2 uptrend, the stock is pulling back forming a Flag and pole. Trying to breakout of it. 🟢Trdaing right at 50 DMA. Formed a bullish Marabozu at 50 DMA. 🟢Bullish sentiments of Jewellery stocks around marriage season. 🔴 Q2 results around the corner. If the results are not as per the market then good chance for hitting SL. 🔴Overall bearish sentiments in the market. Watch this counter closely. Risk is in the range of 10-11%. If ATH is broken with good volume and a good candle very good chance for further upmove. Do your due diligence.
NSE:KALYANKJILLong
by sagartharayil
Turning Bullish: Kalyan JewellersKalyan 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
NSE:KALYANKJILLong
by shanmurali
Understanding the Round Bottom PatternThe Round Bottom Pattern, also known as a saucer bottom, is a bullish reversal pattern that typically occurs after a prolonged downtrend. It signals a gradual shift in market sentiment from bearish to bullish. Let's break it down: Key Features of the Round Bottom Pattern: Shape & Duration: The pattern resembles a "U" shape, indicating a smooth transition from a bearish phase to a bullish phase. It generally forms over an extended period, which can range from weeks to months, allowing the price to consolidate and reverse gradually Volume: In the early stages, volume is usually low as sellers dominate the market. As the price reaches the bottom and begins to rise, trading volume increases, confirming the reversal and the entry of buyers. Resistance Breakout: A critical point in the pattern is the breakout above the resistance neckline, marking the end of the pattern. After this breakout, the stock is expected to continue its upward momentum, leading to a price rally. Confirmation: The breakout should be confirmed by an increase in volume, validating that the buyers are in control. A strong breakout typically indicates the start of a new uptrend. How to Trade the Round Bottom Pattern: Entry Point: Once the price breaks above the resistance neckline, traders can consider entering long positions. Stop Loss: A stop loss can be placed just below the neckline or near the lowest point of the bottom curve to minimize risk. Price Target: The target price can be projected by measuring the depth of the pattern (from the neckline to the lowest point) and adding that to the breakout level. Conclusion: The Round Bottom Pattern is a powerful tool for traders looking to capitalize on market reversals. By understanding its structure and key indicators such as volume and breakout, traders can identify high-probability setups for successful trades. This pattern is currently observed in Kalyan Jewellers NSE:KALYANKJIL , as shown in the chart, where a breakout above the neckline suggests bullish potential ahead. For further analysis and updates, stay connected! Disclaimer: This post is for informational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making investment decisions.
NSE:KALYANKJILEducation
by rajsharmatt
Kalyan Jewelers Elliot waves predictions for next 3-4 weeksThis is purely hypothetical combining Elliot waves + Fib levels, near 562 impulsive wave might get completed as PE ratio will become very expensive as compare to Titan and hence some profit booking must bring correction in ABC form, the wave must be formed but not necessarily will come the the fib levels drawn. So in nutshell observing weakness around 562 some profit booking can be done and then buy back around 480-500 can be done seeing reversal. But if weakness is not observed around 562 then stock can traverse towards next fib levels that is 594/607, in that case the ABC waves to be formed will to be moved to next fib level. * It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade with applying your analysis and at your own risk.
NSE:KALYANKJILShort
by brainyAccount81243
Kalyan Jewellers India Ltd - Long Setup, Move is ON...#KALYANKJIL trading above Resistance of 341 Next Resistance is at 463 Support is at 241 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:KALYANKJILLong
by MandeepSinghKohli