#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
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KANSAINER
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
Trade and Invest Wisely with your own knowledge! Good Luck!
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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock/Forex/Coin buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index or/and Forex or/and coins .
***
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Self explained chart
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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 :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
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!
Follow THE DECISIVE because WE HELP YOU TO DECIDE!
To learn more on Fundamental & Technical analysis, please do register for our Beginner Module or Contact us.
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.
KANSAINERNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading