Wait and watch zone for Kansai Nerolac
As can be seen the price is in the support zone of the cloud, weaker than the broader market Nifty. However if you see the historic price move the stock has compounded wealth. As a result you may get attracted to add at this level. However it could be a trap for retail to get sucked in. Please wait and watch for next couple of week to see from where the price exits the cloud.
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