Kaynes Technology India Ltd Brought Down by Corp. Gov.Kaynes Technology India Ltd.NSE:KAYNESimkhushalThe weekly chart of Kaynes Technology India Ltd reflects a long-term bullish Elliott Wave structure after a strong impulsive rally from the 2023 lows. The stock appears to have completed a higher degree Wave-I near the 7,000–7,500 zone, followed by a complex corrective phase marked as W–X–Y. The current price action is consolidating inside a major demand/support zone between approximately 2,200 and 3,300, which also aligns with the 0.618–0.786 Fibonacci retracement area of the prior impulse, indicating a potentially high-probability reversal region. The descending wedge/channel structure shown on the right side of the chart suggests that the corrective Wave-II may be nearing completion. The projected breakout path indicates the beginning of a strong Wave-III advance, with upside Fibonacci extension targets placed around ?5,700, 7,400, 10,100, and eventually 14,500 over the longer term. Momentum confirmation and a decisive breakout above the falling trendline would strengthen the bullish outlook and validate the next impulsive move. Disclaimer: This chart analysis is for educational and informational purposes only and should not be considered financial or investment advice. Market investments are subject to risk; please conduct your own research or consult a financial advisor before making investment decisions.