Kohl's stock (KSS) plumbed a session-low at 39.98 and rebounded higher and turned the early losses into a profit of 4.43%, or 1.91 points, settling at 45.04, with trading volumes surpassing 14 million shares, matching 10-day averages.

India's inflation hit multi-year highs, hurting profits for Indian corporations with higher prices crushing demand in the countryside, and in turn leading to a downward revision in financial estimates for 2022.

The gains came after the pivotal support of 43.67 held its ground, lending the stock some momentum amid positive signals from the RSI after reaching oversold levels, amid the dominance of the downward correctional wave in the short term, with negative pressure from the 50-day SMA, amid attempts to recover some past losses.

Therefore we expect the stock to return lower, targeting the support of 35.66, provided the support of 43.67 was breached. 

Expected trend for today: Bearish