$KITE (Seed New) today showing marginal gain! Price is currently $0.0797 (around Rs.22.4) and there has been a slight increase of +2.05% in the last 24 hours.
Sentiment seems neutral. For support, MA(25) is forming a strong base at 0.0790 and MA(99) at 0.0791. On the resistance side, the immediate level is in the zone of 0.0800-0.0805. You can set a short-term target of 0.0805+.
Volume details are not clear in the image, but there is decent buying interest visible in the order book. The 7-day performance is still negative (-17.84%), so confirmation is needed for a trend reversal. It will be safe to keep the SL tight around 0.0780.
Overall, this seems like a consolidation phase; breaking 0.0805 is essential for a strong move.
