KANSAI NEROLACA quick 7-10% seems to be up for grabs.
I like the pattern that has been forming for a while.
Kansainerolac
Kansai Nerolac cmp 299 by Daily Chart viewKansai Nerolac cmp 299 by Daily Chart view
- False Breakout Attempt and then.....
- Heavy Volumes based Price Breakout done
- Support Zone at the 287 to 290 Price Band
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
Yet another stock on a demand zoneKansainer is the stock on my watchlist.
As we have seen a good bounce from support in other paint stocks like Indigo paints and Berger, we can expect a similar upmove in this stock too.
Currently, it is in wait and watch.
KANSAI NEROLAC PAINTS - 65% RETURNS!!!BUY - KANSAI NEROLAC PAINTS
CMP - Rs. 386
Target - 1: Rs. 520
Target - 2: Rs. 632
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Technicals - 1) Bullish Bat Harmonic Pattern
2) Targets set using Fibonacci Retracement.
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Kansai Nerolac - Range BreakoutRange Breakout
If Kansai Nerolac Close Above 615 July Month End
Buy It
SL - 492 (MCB)
Target - 950+++
Time Frame - 4-5 Months
Buy Kansai Nerolac Buy Kansai Nerolac near 600 Stoploss 575 Target 668
Study: Rangebound / Parallel Structure Breakout & Retest Structure
