“Rupak De is cautious on Kalyan Jewellers, advising to wait rather than buy immediately, as it appears to be a "falling knife" due to institutional selling. Technically, the stock has broken below the 61.8% Fibonacci retracement and is nearing its 200-week moving average at ₹344, with a potential bounce only if this level holds.”

Rupak De’s track record: 27 graded calls · 95% CI 34–69%