KANSAINER trade ideas
#KANSAINER: Going long once it closes above 514 (Short Term)Waiting for stock to close above 514
There are positive crossovers at EMA (7,21) followed by EMA (7,50); Prices closing, above EMAs with increasing volumes.
Strong supports at close range of 478 and 455. RSI taking support above 40.
Resistances:
514, 548 (TGT1), 614 (TGT2)
Supports:
478 (SL), 455
Kansai NerolacThe stock has broken out from its consolidation mode and has resumed it stellar bull market rally it has been seeing since early 2014 from 100 odds! A beautiful trend following strategy can be implemented on the stock! Will take time but will surely reward in the long run!
#KANSAINERRequires BoxBO
Daily basis H> 521.85 and C>513.15
with strength
CCI (D/W/M) >100
TGC (D/W/M) true
Target 600 /615
Duration 1 - 2 weeks
SL 475
Kansai Nerolac - Channel TradeBeautiful channel play with Kansai Nerolac. If it crosses 400 which is the first resistance, stock can fly.
Notice the hidden bullish divergence with M40ACD.
Buy above 400 with SL being Channel bottom.
KANSAI NEROLAC, CHANNEL BREAKOUTIt has been observed on daily, weekly and monthly charts that the price has broken the upper trendline of the channel. So go long pattern is very bullish. SL 410. 7-8 months tgt Rs 630
Disclaimer: I ama novice at charting and this chart is purely for educational purpose. Views and opinions are welcome
short the stockas we can see a bearish engulfing pattern there and right at the resistance area and hidden bearish divergence there
CAN WE SAY IT A FLAG PATTERN ???Senior member requested you to advice
can we say it as a flag pattern ?
if yes what is target and SL ??
