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tradewithamey_

Yet another stock on a demand zone

Long
KANSAI NEROLAC PAI (NSE:KANSAINER)  
tradewithamey_ Updated   
NSE:KANSAINER   KANSAI NEROLAC PAI
Supply and Demand Trend Lines Support and Resistance kansainerolac paint KANSAINER
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supplyanddemand trendline supportandresistance kansainerolac paint kansainer
Kansainer is the stock on my watchlist.
As we have seen a good bounce from support in other paint stocks like Indigo paints and Berger, we can expect a similar upmove in this stock too.
Currently, it is in wait and watch.
Trade active:
Breakout is done. Might face resistance at 420.
Comment:
444 from 380 in 10 days. That is the power of a strong support.
Looks like stock is retesting the breakout trendline now.
Comment:
Today's high is above 460 .
Stock can test 480, 510 in short term.
Comment:
Stock has given bonus shares.
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