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 …
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 …
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