Positional Trade Ideas for Kalyan Jewelers above 645

Kalyan Jewelers is a prominent Indian jewelry retailer known for its wide range of gold and diamond jewelry. Its performance is often influenced by factors like gold prices, economic conditions, and consumer sentiment.

Potential Trade Ideas:

Breakout with Volume:

Strategy: If Kalyan Jewelers breaks above the 645 level with a significant increase in trading volume, it could signal a bullish trend.
Target: Consider setting a target price based on technical analysis, such as the next resistance level or a Fibonacci extension.
Stop Loss: Maintain a strict stop loss at 600 to limit potential losses.