Kalyan Jewellers (Swing Trade)The zone between 217 to 209 would act as an important support area since its in confluence with multiple factors like extreme order block , 0.786 fib retracement level and taking support on 50 ema as well.
Do watch this stock since it have potential to make new highs in upcoming session till T2 and T3 ie. 276 and 290 respectively.
Price also correct more than 17% since its previous high. So we can expect some upward movement in coming days. Trade with confirmation, only if price breaks and close above its trendline ie. 235.
keep in mind if price fails to break above 235 it can consolidate between 209 to 235 range.
or can further slips upto 200 if it breaks below 209.
