KANSAINER – Technical SetupKANSAINER has formed a classic double bottom pattern near the ₹220 zone, which has acted as a strong and reliable support on the charts. The pattern indicates strong demand emerging at lower levels and a possible trend reversal.
The stock has already confirmed the breakout above the neckline of the double bottom. After the breakout, price has retraced back toward the breakout zone, which is a healthy sign and often provides a low-risk entry opportunity.
The retracement has been well-controlled, indicating that selling pressure is limited and buyers are defending higher levels. Overall structure suggests a favorable risk–reward setup as long as the key support holds.
Trade Plan:
Buy: ₹230
Stop Loss: ₹220
Target: ₹250
A close below ₹220 would invalidate the setup; hence strict stop-loss discipline is advised.
Trade with proper risk management.
KANSAINER
#SHALPAINTS 124 TGT 150 #ASIANPAINT #BERGEPAINT #INDIGOPNTS #ITCSHALPAINTS 124
TGT 150 / 175
NSE:SHALPAINTS
CPM 124
TGT 150 (20%) // 175
SL 112
RR > 2
TF < 6M
Trading Charts Candlesticks Patterns Technical Indicators
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KANSAI NEROLAC - Swing Trade Analysis - 30th July #stocksKANSAI NEROLAC PAINTS (1W TF) - Swing Trade Analysis given on 30th July, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout Initiated - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
KANSAINERKANSAINER:- Sustains above after giving breakout, then upside move can be seen, keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Kansai Nerolac Paints - LongKansai Nerolac Paints - Long
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Please do your own research and consult with your financial advisor before taking any action.
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Super consolidation breakout - KANSAINER👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥
Self explained chart
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
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🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
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Kansai Nerolac Paints Share Trend AnalysisKansai Nerolac Paints (KANSAINER) is manufacturing Paints & mainly work for Industrial Coatings. Company is subsidiary of Kansai Paints Japan. Company did some expansion in Bangladesh, Nepal & Srilanka in 19-20. Company is almost debt free & give healthy dividend payout every year.
In terms of technical, at Daily chart frame there is a Wedge chart pattern formation since Jan 2021 & it is trying to give breakout since then. Expecting a breakout & stock will move to a good level.
So, You can take Target & SL as per trend analysis which we suggest/teach during our Beginner Module Course. Happy Earning!
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This was just for educational purpose only & not recommending to BUY/SELL of any Script.
Kansainer: watch for range breakoutwatch for range breakout can buy for both swing and Intraday my focus will remain
to finish trade in intraday itself.
For Swing Trade -
buy above 610 and stoploss keep Sl below 590
measured target is 670 but remember its only theoretical for capturing maximum move always trail and book partially.
For Intrday Trade -
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.






















