phase c complete, in phase d, showing major sign of strength at the back of ongoing buyback
should cool down to form the last point of support post JAK [jump across creek(resistance, long term)]…
using weiss waves, give a better picture regarding, lack of supply post shakeout in phase b
last 5 years and 8 quarters, growth is very lukewarm in this scrip…
the scrip has gained momentum on buy back news since early this year,
gained leadership compared to sensex only recently…
a comparison with kansai nerolac (which is also in the process of base formation i believe)
akzo has been historically much weaker…
ideally, nerolac is a better choice looking back…
but somehow i like the base formation better here, may be due to lack of experience in handling bases like kansai
DISCLAIMER... NOT AN INVESTING/TRADING RECOMMENDATION
should cool down to form the last point of support post JAK [jump across creek(resistance, long term)]…
using weiss waves, give a better picture regarding, lack of supply post shakeout in phase b
last 5 years and 8 quarters, growth is very lukewarm in this scrip…
the scrip has gained momentum on buy back news since early this year,
gained leadership compared to sensex only recently…
a comparison with kansai nerolac (which is also in the process of base formation i believe)
akzo has been historically much weaker…
ideally, nerolac is a better choice looking back…
but somehow i like the base formation better here, may be due to lack of experience in handling bases like kansai
DISCLAIMER... NOT AN INVESTING/TRADING RECOMMENDATION
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.