Akzo Nobel India LimitedAKZOINDIA:- The one giving breakout on monthly chart and also forming Ascending Triangle pattern, there are high chances that it can go up by giving breakout, keep your eye
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rest details mentioned in the chart.
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Ajay.
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AKZOINDIA
Akzo Nobel - Capital Market AnalystsHie, In this investment series we talk about some fundamentally strong companies identified by Capital Market analysts in their latest issue.
Akzo Nobel India Ltd. engages in the manufacture and sale of paints and related products. It focuses on the Coatings business which consists of decorative, automotive and industrial paints, and related activities. It offers its products through the Dulux Colour Play, Dulux Professional, TRINAR, and International brands.
*Company has been maintaining a healthy dividend payout of 34.80%
* FII/FPI have decreased holdings from 0.83% to 0.81% in Dec 2020 qtr.
*The company has delivered a poor sales growth of 1.74% over past five years.
For more, you can check the stock out on screener.in/company/AKZOINDIA/#peers
Sources credit:
Trendlyne & Screener.in
INDICATORS USED:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
H/Blue Candle: Selling Divergence
L/Yellow Candle: Buying Divergence
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The analysis is my POV , in no way it is a buy-sell recommendation. Hope you got bucks in your pocket to consult a financial advisor before investing :P :)
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