Weekly MACD bullish from today after a long retracement and range BO. On weekly, it retraced to golden ration 0.618. Now ready to go to further heights. Excellent positional trade opp.
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Self explained chart
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly...
Kansai Nerolac Paints (KANSAINER) is manufacturing Paints & mainly work for Industrial Coatings. Company is subsidiary of Kansai Paints Japan. Company did some expansion in Bangladesh, Nepal & Srilanka in 19-20. Company is almost debt free & give healthy dividend payout every year.
In terms of technical, at Daily chart frame there is a Wedge chart pattern...
watch for range breakout can buy for both swing and Intraday my focus will remain
to finish trade in intraday itself.
For Swing Trade -
buy above 610 and stoploss keep Sl below 590
measured target is 670 but remember its only theoretical for capturing maximum move always trail and book partially.
For Intrday Trade -
For stoploss in Intraday use 5...
Stock has been consolidating from more than 4 months now.
A picture perfect accumulation stage is being build i.e.
1. Frequent retest of resistance.
2. Higher Lows have begin to form up.
NSE: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...
