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Prefer Kansai Nerolac over Berger Paints: Anu Jain

According to Anu Jain of IIFL Private Wealth Management, Kansai Nerolac has a better chart than Asian Paints and Berger Paints.

July 18, 2015 / 14:32 IST
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Anu Jain of IIFL Private Wealth Management told CNBC-TV18, "Technically, Kansai Nerolac on Friday closed at a 52-week high and that is showing traction right up to closer to Rs 300. It has broken out from Rs 250 zone. Given that it has got momentum, I think that is looking at the moment whether I look at Berger Paints, Kansai Nerolac or Asian Paints, Kansai is looking as the strongest in chart pattern."

"Asian Paints did have a mild correction and has strong resistance at about that Rs 850. Closer to Rs 220 there is resistance for Berger Paints. So for them to cross the resistances looks slightly difficult. So, within the three I think Kansai looks to be the best chart at the moment," she said.

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first published: Jul 18, 2015 02:32 pm

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