KANSAI NEROLACA quick 7-10% seems to be up for grabs.
I like the pattern that has been forming for a while.
Nerolac
asianpaint towards an all time high! the paint giant with a 60% market share
after a tough year
again marching towards an all time high arena
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
Kansai Nerolac Paints - LongKansai Nerolac Paints - Long
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***
Buy Kansai Nerolac Buy Kansai Nerolac near 600 Stoploss 575 Target 668
Study: Rangebound / Parallel Structure Breakout & Retest Structure
KANSAINER Stock is forming a Symetrical Triangle pattern on 1 hr time frame. U can use those levels to trade in Nerolac.
Nerolac paints trying to make breakout on Daily chartNSE:KANSAINER
Nerolac has been tested the upper side of resistance 4 times and lower support is also making higher lows on daily time frame. Once Nerolac paints will cross the upper resistance that is around 600-615 a good move can be expect in upper trend.
Please share with your family and friend if you like the idea to go long. This chart is only for education purpose. Consult with your financial advisor before making any investment.
SIMPLE ANALYSIS ALL MARKS AND IDEA MENTION ON CHART ... SO LETS SEE...
BELIEVE IN UR STRATEGY
DON'T FLOW WITH OTHER
ABHINASH
made top already - NEROLAC
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 NerolacKansai 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
kansai nerolac trendline support buy kansai nerolac 505 to 515 tgt 570,580 sl 480 closing basis short term positional call keep on radar
Next , UpNerolac has been consolidating for quite some time and now it looks like its done. There is also a 60 min corrective pattern that is probably finished itself and this could mean that the next move is Up. I could either buy at the current levels or let it pull back and then enter. Allowing a pullback offers a better risk/ reward. Targets are the lifetime highs and probably beyond.
Kansai Nerolac TO move within the channel. Downward Channel. No trade as such.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
