| BSE NSE listed Paint Company Shares | 6Sep 19 Chart Strength | 17Jul 18 Chart Strength | 29Jul 16 Chart Strength | 19Feb16 Chart Strength |
| Akzo Nobel India | 5 | 4 | 4 | 5 |
| Asian Paints | 3* | 1 strongest | 1 strongest | 3 |
| Berger Paints India | 2* | 2 | 3 | 2 |
| Hardcastle & Waud Manufacturing Company | 7 | 6 | 7 | |
| Jenson & Nicholson (India) | - | 6 | ||
| Kansai Nerolac Paints | 4 | 5 | 2 | 1 strongest |
| Mitshi India [Dera Paints and Chemicals] |
1* strong |
3 | 4 | |
| Shalimar Paints | 6 | 7 | 5 | 6 |
| Above 200-dma | 71% | 57% | 86% | 67% |
Note * Trading above 50/200-dma bullish crossover
- Stocks trading above 200 day moving average
Shares are shown in blue colour - Stocks trading below but close to 200 day moving average
Shares are shown in orange colour - Stocks trading much below 200 day moving average
Shares are shown in red colour
Technical Trend of Paint Sector stocks
Out of 7 Paint industry stocks 5 are trading above 200 day moving average.
That means 71% of the Paint stocks are trading above 200-dma.
The drop in the price of commodities has benefited the paint industry.
Stable and low price of crude oil is positive but downturn in auto sector is negative.
Outperformers: Mitshi India, Berger Paints India, Asian Paints, Kansai Nerolac Paints.
Underperformers: Shalimar Paints, Hardcastle and Waud Manufacturing Company.
Related topics
Commodities – NSE
Consumption – NSE