Kansai Nerolac Paints Limited ,Volume Driven Recovery, Testing Mid-Term Resistance

is seeing a strong recovery off recent lows, with price currently testing the challenging resistance at 254. The recent up move is validated by a consistent rise in trading volumes, supporting genuine accumulation. The stock has formed a well-defined double bottom around the 230 zone, helping confirm the trend reversal. Multiple reactive highs were breached with convincing bullish candles. If price sustains above 254, next resistance levels are seen at 267 and then 272. Volume cues suggest strong buying, but traders should be cautious of profit booking as price approaches upper bands of the zone.