If I understand your scenario correctly you would like to set range to the valueAxis but display and values which are not in this range? If this is the case, I am afraid it is not supported by Kendo UI Chart and there is no a suitable workaround I can suggest. If you are requesting a different functionality please elaborate s bit more. Thank you in advance for your cooperation.
Join us on our journey to create the world's most complete HTML 5 UI Framework - download Kendo UI