Short term
Investors have paid higher prices over time to buy Kalyan Jewellers India Ltd. and the stock is in a rising trend channel in the short term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 587 rupee. Positive volume balance strengthens the stock in the short term. RSI above 70 shows that the stock has strong positive momentum in the short term. Investors have steadily paid more to buy the stock, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The stock is overall assessed as technically positive for the short term. Recommendation one to six weeks: (Score: 97)
Medium term
Kalyan Jewellers India Ltd. has broken up through the ceiling of the rising trend channel in the medium long term, which signals an even stronger rising rate. The positive development, however, may give rise to short term corrections down from today's level. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 380 rupee. Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock. RSI above 70 shows that the stock has strong positive momentum in the short term. Investors have steadily paid more to buy the stock, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The stock is overall assessed as technically positive for the medium long term. Recommendation one to six months: (Score: 96)
Long term
Kalyan Jewellers India Ltd. is in a rising trend channel in the long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 375 rupee. Volume tops and volume bottoms correspond well with tops and bottoms in the price. Volume balance is also positive, which strengthens the trend. The stock is overall assessed as technically positive for the long term. Recommendation one to six quarters: (Score: 97)
Overall analysis
Kalyan Jewellers India Ltd. is technically positive for the short, medium, as well as the long term. Recommendation one to six months: (Score: 93)
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