I spotted Kaynes Technology approaching a strong support zone around ₹6,750-6,800 on the daily chart. The price action showed clear exhaustion on the downside, and the candle structure hinted at a potential bounce.
To confirm the setup, I switched to lower timeframes (5m, 15m, and 30m). All three showed a MACD crossover around the same time– a strong sign of short-term momentum shift. On the 15 and 30m chart, the crossover aligned perfectly with a structure break and a volume spike, confirming that buyers were stepping in aggressively from the support zone.
I took an intraday long position as the 30m candle closed above the structure and targeted 2.5%, just below the day’s high. The move followed through quickly, giving a clean reversal from support.
Spotted it while screening the MACD Crossover screener on the 30m timeframe - https://tradomate.one/screener/screen/macd-crossover
