Sharp correction in Kaynes Technologies fuels debate over rebound potential

Kaynes shares remain under pressure after a 43 percent fall from the peak, though oversold technical levels are prompting traders to assess short-term rebound possibilities.

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9 days ago

Sharp correction in Kaynes Technologies fuels debate over rebound potential

Sharp correction in Kaynes Technologies fuels debate over rebound potential
Selling pressure in Kaynes Technologies intensified as the stock extended its decline to 43.5 percent from its October peak, with Friday’s 12.5 percent fall marking its steepest single day drop in recent months. Technical indicators continue to reflect strong bearish momentum, raising the risk of a further slide toward its yearly low near 3,825 rupees. 
Companies:
  • Kaynes Technologies