Kansai Nerolac – Triangle + Inverse H&S | Bullish Move loading
Kansai Nerolac Paints – Symmetrical Triangle + Inverse Head & Shoulders Breakout Setup
Timeframe: 4H
Trend: Bullish Reversal in Progress
Price has been consolidating for months within a symmetrical triangle structure.
Inside the triangle, an Inverse Head & Shoulders pattern has formed — a classic bullish reversal signal.
A clear Change of Character (ChoCh) indicates a shift from bearish to bullish market structure.
A breakout above the upper trendline could confirm the start of a new uptrend phase.
Trade Plan:
Entry: Above breakout zone (₹260)
Stop Loss: Below ₹235
Target: ₹325 350
Risk to Reward: Around 1:3
A confirmed breakout from this triangle + reversal structure may trigger a strong rally. Watch for sustained volume above resistance for confirmation.
Timeframe: 4H
Trend: Bullish Reversal in Progress
Price has been consolidating for months within a symmetrical triangle structure.
Inside the triangle, an Inverse Head & Shoulders pattern has formed — a classic bullish reversal signal.
A clear Change of Character (ChoCh) indicates a shift from bearish to bullish market structure.
A breakout above the upper trendline could confirm the start of a new uptrend phase.
Trade Plan:
Entry: Above breakout zone (₹260)
Stop Loss: Below ₹235
Target: ₹325 350
Risk to Reward: Around 1:3
A confirmed breakout from this triangle + reversal structure may trigger a strong rally. Watch for sustained volume above resistance for confirmation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For more live trades
join t.me/vedindicator
The reason behind Orderblock (Free Trial)
Visit- vedindicator.com
join t.me/vedindicator
The reason behind Orderblock (Free Trial)
Visit- vedindicator.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.