KANSAI NEROLAC PAI NSE:​KANSAINER

On Weekly Time Fram At Demand Zone. At Support Zone. Above Fibonacci. Accumulate On Parts In Demand Zone. Other Details Mentioned In Chart. Investment View For Educational Purpose Only. Fundamentally View : As Per Internet Data Promotors stake has been increased. Company Is Almost Debtfree. Please Consult Your Financial Advisor Before Taking Any Decision. I am not ...

NSE:KANSAINER T1: 424 T2 : 431 SL : 395

Analysis is given in chart.

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.

Entry - 509 SL - 497.50 Target - 525

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

Buy at 507 CBSL 478 ( Subject to trailing ) Target 608

The 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!

Moving up, strength missing though

Requires 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

Beautiful 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.

Should be self explanatory. Ask if any doubts.

Senior member requested you to advice can we say it as a flag pattern ? if yes what is target and SL ??