India, May 19 -- A channel-up pattern consists of two upward-sloping parallel trendlines, with price moving between support and resistance levels. The chart shows a confirmed bearish breakout below the support neckline. Supported by volume surge and points to a potential short-term downward move.

Kaynes Technology India Ltd broke below the key support neckline on 14 May 2026 and has continued to sustain below the Rs 3,403 level till date. The level is now acting as a strong resistance zone on the daily chart, reinforcing the stock's bearish momentum. The stock closed at Rs 3,118.20 on Monday's session.

In a channel-up pattern, traders often project a downside target equal to the channel's height from the breakdown point or nearest suppo...