Kansai nerolac BREAKOUTweekly chart - broke ascending tringle pattern
back to resistance zone
again formed ascending triangle pattern
support at 532
TARGET - 655 (HEIGHT OF TRIANGLE)
SL- 575
DURATION 1-3 WEEKS
KANSAINER trade ideas
Now its time for NEROLAC to shoot UP.As we can see in the charts Nerolac is consolidating for the last 18months,
This guy has huge potential to shoot up.
> Entering with logic always helps.
> We will only enter when the risk is low.
> Entering with calculating the risk rather than Profit, plays a very important role.
This analysis is just for educational purposes.
Feel free to reach.
Best of luck Traders/Investors.
Breakout + Retest ( Best Opportunity !! )After rally of Asian Paints and Berger Paints , it may be possible that Nerolac paints could show good momentum. It's PE is around 60 and sector PE is around 90.
Now let's talk about technicals :- Stock has been forming symmetrical triangle pattern and now it has given a good breakout . Stock is now retesting the resistance line. If retest is successful , we can see a good up-move.
This is my analysis, done only for educational purpose only, feel free to share your views/feedback.
KANSAINER Breakout candidate (Targets & SL mentioned)Targets: 617 (immediate after breakout)
650, 670 (swing trade) (1-2 weeks)
KANSAINERWeekly Chart - Nested Inside candle + Triangle pattern breakout. Price Action similar to daily charts of GRASIM (posted before this)
paint your home in unlockdown
moving in channel
rejection from top line of channel
macd, stochastic - bullish crossover
two possibility - given of movement
stop loss - thick dotted red line - 542
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....
Watchout for Resistance BreakoutKansai Nerolac Paint is involved in the business activities of Manufacture of paints and varnishes, enamels or lacquers.
The Stock is ready to breakout above 600 levels.
The Company has reported good numbers in Q3 of FY 21. Q4 Results are peding.
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
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...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
KANSAINER LONG VIEWStrong operator buying at current level. Also, considering fund raising soon.
Buy KANSAINER SL: 500 TARGETS: 620/660/700+ 30days to 120 days view
Kansainer stock to take longLong 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.
Nerolac Paints Ltd Showing Volume BreakoutCompany is almost debt free. Looking at the current price it is just now coming in the buying zone. A subsidiary of Kansai Paints Co. Ltd, Japan, Kansai Nerolac Paints Limited
(KNPL) is one of India’s leading players in the Paint industry, catering to the evolving need for newer Coating solutions of customers. A future focused Company rooted in innovation, KNPL bespeaks quality and manufacturing excellence that makes it a preferred choice of a growing and ever-evolving customer base.
nerolacwith an awsm chart
for intraday you can above 586 with trgt of 12-13 rs
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for short term i will tell after some time
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thanks.......
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