last time when i gave my view on nerolac and that was bullish but it was travelling in range thats why i analysed it again it has made top already ... lets wait for a fall then we will go long this fall will be very deep i will update if something changes....
Kansai Nerolac LTP: 584.85 Support: 581.10 Resistance: 595 / 603 Market cap: 302.684B Vol: 793.905K Rel vol: 3.05 Avg vol: 345.55K Float: 134.631M *** Very good data
Note: 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...
Long Kansainer above 597 for the first target of 630 second target 652 with SL of 585. Stock at the verge of BO of Weekly area. RSI trading above 60 & ascending pattern forming on daily chart. Good to risk reward ratio. This is for your educational purpose only.
Breakout take a position if tomorrow open above than today's high
Short below 490 for the target price of 475-470 with tight SL of 499. Negative price candle seen & stock forming the lower low. after BD of TL & 20 EMA level could lead to stock more fall. negative divergence also seen.
buy on breakout of red trendline around 450 in intraday or swing blue tl will work as resistance and our target if crosses than more fireworks.