Kalyan Jewellers | Bullish Impulse Followed by Volatility Contra
Kalyan Jewellers delivered a strong impulsive advance from the ₹340 region toward ₹640, accompanied by significant volume expansion.
Instead of giving back the move, price has transitioned into a tight symmetrical triangle/consolidation near the highs.
This is constructive price behaviour: strong expansion followed by volatility contraction.
The next directional clue should come from a decisive break of the triangle.
A breakout with renewed volume expansion would favour continuation of the preceding bullish impulse, while a downside break would suggest a deeper consolidation.
Expansion → Contraction → Watch for the next expansion.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.