The outlook for Akzo Nobel India is bullish. The inventory has been in a powerful uptrend since mid-March this yr with intermediate corrections. On Tuesday the inventory has risen over 2 per cent. This means that the uptrend has resumed after a brief correction. Speedy assist is within the ₹3,450-₹3,430 area. Beneath that ₹3,380 is the subsequent robust assist. We anticipate the draw back to be restricted to ₹3,430 itself.
Akzo Nobel India share worth can rise to ₹3,720-₹3,740 in every week or two. Merchants can go lengthy now at ₹3,506. Accumulate on dips at 3,470. Preserve the stop-loss at ₹3,380. Path the stop-loss as much as ₹3,540 as quickly because the inventory strikes as much as ₹3,580. Transfer the stop-loss additional as much as ₹3,630 when the worth touches ₹3,680. Exit the lengthy positions at ₹3,720.
Video Credit score: Businessline(Observe: The suggestions are primarily based on technical evaluation. There’s danger of loss in buying and selling.)
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