KANSAINER - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.9

Here’s a detailed technical analysis of Kansai Nerolac Paints Ltd. (KANSAINER)

📊 Trend Overview

Current Trend: 🔼 Trending Upward

Price is trading above both the 50-DMA (₹244) and 200-DMA (₹252), indicating a bullish structure.

RSI at 64.1 suggests strong momentum, approaching overbought territory.

MACD at 2.23 is positive, confirming bullish crossover and trend continuation.

Volume is slightly above average, supporting the upward move.

📈 Moving Averages

50-DMA: ₹244 — Short-term support.

200-DMA: ₹252 — Long-term support.

Price Action: Current price of ₹253 is above both DMAs, reinforcing bullish sentiment.

📉 Momentum Indicators

RSI (14-day): 64.1 — Bullish zone, nearing overbought.

MACD: 2.23 — Bullish crossover, momentum building.

Volume: 9.5 lakh vs 1-week avg of 8.6 lakh — Slightly above average, confirming interest.

📊 Bollinger Bands

Price likely near upper band — signals strength but also potential for short-term consolidation.

No squeeze pattern detected, but trend continuation is supported.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 244 50-DMA, short-term support

Support 2 230 Previous swing low

Resistance 1 265 Minor resistance zone

Resistance 2 285–295 Trendline resistance zone

🎯 Entry & Exit Zones

Optimal Entry: ₹244–₹250 — On pullback near 50-DMA.

Exit Zone: ₹265–₹285 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Strong — MACD bullish, RSI rising.

Breakout Potential: Moderate — Needs volume surge above ₹265.

Bias: Bullish — Watch for breakout confirmation with volume.

🧭 Summary

KANSAINER is currently trending upward with supportive technical indicators. Price action above key moving averages, rising RSI, and bullish MACD suggest continued strength. Traders may consider entering on dips near ₹244–₹250 and targeting ₹265–₹285 for exits. A breakout above ₹265 with volume could signal further upside.

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