Market Assessment Reflects Mixed Signals Amid Technical Momentum
Technical Momentum Drives Market Attention
The recent market assessment of Kinetic Trust has been influenced significantly by its technical trend developments. The stock’s price has reached ₹29.47, marking its 52-week high and reflecting a daily gain of over 10%. This price movement is supported by a series of bullish technical signals across multiple timeframes. Weekly and monthly Moving Average Convergence Divergence (MACD) indicators show bullish momentum, complemented by Relative Strength Index (RSI) readings that also favour upward trends. Bollinger Bands on both weekly and monthly charts suggest increased volatility with a positive bias, while daily moving averages confirm the stock’s upward trajectory.
Additional technical…
