Kansainer Nerolac trading on its support level
Strategy: Long, Target: 497.10, SL: 425.25, RR ratio: 1.88
For education purpose, not a recomendation to buy
NSE:KANSAINER
Only for education and information purpose. Should not be taken as a trading call
A short be there around D Point.
Lets C how the market reacts.
CHART BY HARMONIC LEARNING AND EARNING
Nerolac 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...
NSE:KANSAINER
A significant downtrend has respected the support level of 420-424.
With the formation of a hammer candle at a high volume, it is confirmed that there will be a reversal in the trend.
However, after the formation of 2 bullish candles the uptrend is confirmed.
The RSI has also formed support and is now about to break its downward trend line
Target...
Kansai Nerolac Paints Ltd. engages in the manufacture and market of paints and coatings. It offers interior and exterior wall paints; wood coatings; metal enamel paints; and paint ancillary used for the homes, hotels, offices, hospitals, and automobiles. The company was founded in 1920 and is headquartered in Mumbai, India.
KANSAINER
