SWING IDEA - AKZO NOBEL INDIA

28 Haz

Akzo Nobel India, a subsidiary of the global paints and coatings giant AkzoNobel N.V., is a leading player in India’s decorative and industrial paints market. Known for its premium brand Dulux, the company has strong brand recall, a wide distribution network, and consistent profitability.A strong brand, steady margins, and a bullish chart make this a candidate to watch for a short- to medium-term swing trade.

Reasons are listed below :

• Bullish engulfing candle spotted on the weekly timeframe, signaling a potential trend reversal.
  
• Accompanied by the highest-ever volume spike, adding strong conviction to the move.
  
• Price is bouncing off the golden Fibonacci support (0.618), a classic retracement zone where strong reversals often occur.
  
• The level of 3100 acted as a solid support.
  
• The stock is trading above its 50 & 200 EMA on the weekly chart — a sign of long-term strength.
  

Target - 3812 // 4520
Stoploss - weekly close below 3000

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@visionary.growth.insights

1 Tem

İşlem aktif

can add up some quantity at 3325

8 Tem

Not

we are up 7%+ from our buying price!