Kansai Nerolac Analysis

Kansai Nerolac Analysis. As on 30 March 2020. CMP 363

The recent low of 296 could be wave 4 (or wave A of 4).  New highs in wave 5 are possible above 608.

Violation of 296 would likely mean a larger top is in place at 608, and the larger trend has already turned down.