Rajesh Palviya, a stock market expert from Axis Securities, gives a buy signal for Kalyan Jewellers. He says it’s a good idea to accumulate Kalyan Jewellers Ltd. shares for the week ahead. The stock has been showing a positive trend recently.
Why Rajesh Palviya Suggesting Kalyan Jewellers
- Strong uptrend: Kalyan Jewellers has been consistently going up for the past year and is making higher highs and higher lows over different periods. This shows a positive trend in its price.
- Record High: The stock has hit its highest price ever, which suggests that investors are optimistic about the stock.
- Moving Averages: The stock is trading above its 20, 50, 100, and 200 DMA (day-moving average). This is seen as a positive sign and a bullish uptrend for the stock.
- Strength Indicators: Indicators like the relative strength index (RSI) have been showing up on all the charts, like daily, weekly, and monthly. This shows a stock’s strength and potential for future growth.
- Volume: The volume of trading of this stock has been significantly good, which indicates that investors are interested in it and are actively buying it.
- Bollinger Bands: Bollinger Band, a technical analysis tool, suggests increased momentum in the stock’s movement.
Rajesh Palviya has considered all these factors before giving a buy signal for the stock and has suggested investors hold and accumulate stocks for the upcoming week. He has set a target of Rs. 475 and has set support levels at 415 to 390.
Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not TheStockMarketLive. We advise investors to check with certified experts before making any investment decisions.TheStockMarketLive. We advise investors to check with certified experts before making any investment decisions.
