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tradewithamey_
May 1, 2023 10:16 AM

Yet another stock on a demand zone Long

KANSAI NEROLAC PAINSE

Description

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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