KANSAI NEROLAC - Picking momentumThe stock has been moving sideways for the past many months ( approx 8 months).
Current price action, suggesting that the stock is trying to pick up the momentum on the upside.
The stock has created strong support around 530-550 levels.
Hence sustaining these supports, stock could move towards 750 and 900 in the coming months.
Considering the history of the stocks, am not expecting a fast movement, it will move slowly and could also test your patience.
The analysis will remain the same as long it is trading above 500 levels.
Buy on dips for me, please do your own analysis, before trading/investing in the stock.
Trade Type : Positional
SL: Below 500
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