undefinedabhi
Long

Buy Kansai Nerolac Short term target - 490

NSE:KANSAINER   KANSAI NEROLAC PAI
NSE:KANSAINER
A significant downtrend has respected the support level of 420-424.
With the formation of a hammer candle at a high volume , it is confirmed that there will be a reversal in the trend.
However, after the formation of 2 bullish candles the uptrend is confirmed.

The RSI has also formed support and is now about to break its downward trend line

Target will be the next resistance level of 490 .
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