Bat Pattern in Kalyan Jewellers - Good opportunity for the Bulls
The price is falling like a crash and nearing the buying region (D point Support). Despite reporting a 39% revenue growth in Q3 FY25 compared to the previous year, investor sentiment remains negative due to ongoing market volatility and speculation regarding company practices.
Analysts are advising caution regarding Kalyan Jewellers' stock. Many suggest that investors should avoid purchasing at current levels due to weak technical indicators and potential further declines towards ₹500. The stock's P/E ratio stands at 93.34, indicating overvaluation concerns
Let's take an entry with proper confirmation.
Kalyan Jewellers is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. This is for educational purposes only.
Analysts are advising caution regarding Kalyan Jewellers' stock. Many suggest that investors should avoid purchasing at current levels due to weak technical indicators and potential further declines towards ₹500. The stock's P/E ratio stands at 93.34, indicating overvaluation concerns
Let's take an entry with proper confirmation.
Kalyan Jewellers is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. This is for educational purposes only.
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