AKZOINDIA trade ideas
Akzo Nobel India Ltd - 11.06.2021Akzo Nobel India Ltd - 11.06.2021
The stock has witnessed a double top @ 2347
prices are above ema
there is macd bearish divergence in daily chart which needs a confirmation (2282 low needs to be taken off)
watch out
stay tuned for more updates
On the verge of Breakout ✌✌This scrip is slowly Building up as it is on the verge of breakout. So traders keep on your radar.
akzo india longmy charts would just show the view, details can be shared if people wnt more notes... ut idea is to keep things simple
AKZOINDIADisclaimer : Only for educational Purpose,not a stock recommendation
Trading is an art, learn the art!!!
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Akzo Nobel - Long - Parallel Channel and Asc Triangle BreakoutHi Guys,
Akzo Nobel, the script has been moving in the parallel channel and the triangle breakout was happened in channel itself.
The script was in downtrend and trend reversal was identified with Candlestick pattern.
We can enter the script once it retest the level of 2236
SL - 2170.
Disclaimer: Kindly do your own analysis before executing the same.
Regards,
Thenali Views
Breakout in Worlds oldest paint companyAkzo nobel day chart. The stock is forming rounding bottom formation near its historical support levels, after making highs of Rs 2500 , the stock is now trading at Rs 2255. Peer group stocks like Asian Paints , Berger are trading near lifetime highs, but worlds oldest paint company has still big gap to cover. Must be under watch.
Akzo Nobel LongEntry at CMP 2210 with SL of 2130.
Fundamentally strong and technically tested and formed Doji candles indicating ending of down trend.
Hold period 3 months. Targets 2320, 2430, 2510
Please do like and follow if you feel the analysis is reasonable.
Thanks:)
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
If you like the analysis, do leave a like and follow for more such content coming up.
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 :)
HAPPY TRADING!!!
AKZOIndia - ATH again?Stock near ATH. All the paint stocks are touching ATH too. Go long with a stop of 2300.
AKZO BOBEL India - Cup Formation under ProgressRally Expected in Akzo Nobel India for 2200 Levels by 08-10 Dec, Cup formation Started. RSI getting Strong and MACD give clear cross signal.
AKZOINDIA LOOKING GOOD AT CURRENT LEVEL.Market Cap: 9,360 Cr.
Price to book value: 7.56
Debt to equity: 0.05
Pledged percentage: 0.00 %
Interest Coverage Ratio: 22.80
OPM: 11.96 %
COMPANY FUNDAMENTAL IS GOOD AND CURRENT CHART LOOKING ATTRACTIVE IN SHORT TERM AS WELL FOR MID TERM STOCK HAVE POTENTIAL FOR GOOD RETURN.
quite a decent break out, seems like 3k on cards or even 3100.what do u say??
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
