KANSAINER - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.2

Here’s a detailed technical breakdown of Kansai Nerolac Paints Ltd (KANSAINER) based on current indicators and price behavior

📊 Trend Overview

Current Trend: Weak Bearish to Consolidation

Price Action: Trading below both 50 DMA (₹248) and 200 DMA (₹256) — signals downward pressure.

52W Index (23.2%): Price is still near the lower end of its 52-week range (₹218–₹321), suggesting limited recovery.

📈 Momentum Indicators

RSI (40.3): Weak — approaching oversold territory, but not yet a reversal signal.

MACD (-1.24): Negative — bearish crossover confirms downward momentum.

Volume: Below 1-week average — indicates low participation and lack of conviction.

📉 Volatility & Bands

Bollinger Bands: Price likely near lower band — could hint at short-term support, but not a strong buy signal yet.

Volatility: Contracting — suggests consolidation phase or indecision.

📌 Support & Resistance Zones

Level Price (₹)

Immediate Support 235–240 (recent base)

Strong Support 218 (52-week low)

Resistance 1 248 (50 DMA)

Resistance 2 256 (200 DMA)

Resistance 3 275–280 (supply zone)

🎯 Entry & Exit Zones

Optimal Entry: ₹235–₹242 (if price stabilizes near support)

Exit / Profit Booking: ₹255–₹275 (if price rebounds toward resistance)

🔍 Short-Term Signals

Momentum: Weak — RSI and MACD both suggest bearish undertone.

Trendline: Price below key averages — confirms downtrend.

Consolidation: Likely — low volume and flat price action hint at sideways movement.

Would you like to explore paint sector peers like Asian Paints or Berger Paints for stronger technical setups? I can help you spot the ones with breakout potential. 🎨📈

Edit in a page