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NDR AUTO COMPONENTS LTDNDR AUTO COMPONENTS LTDNDR AUTO COMPONENTS LTD

NDR AUTO COMPONENTS LTD

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NDRAUTO trade ideas

NDR AUTO COMPONENTS LTD S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:NDRAUTO
by zenthosh
NDR Auto Components LtdRising C&H Pattern: Weekly Basis Price BreakOut. Re-Tested Support & Upside Again. 12% Upside Needed to Cross Multi Year Trendline. Once Done, Further Upside Possible *With Upside, Trail SL* *Book Profit as per Risk Appetite* *Snapshot* Estab. / listed in ’19 -Part of Rohit Relan Group. 3 Manufacturing units, Supplying Seats For 11 Models Across 3 OEMS JVs with MSIL , SMC, Toyo Seats & Toyota Boshoku- Japan. Setting up New Production Facility At Gujarat. Growing Sales/ Profitability Qtrly/Yrly Basis. Negligible Debt (only lease liabilities). Growing TNW / Low Equity Base / FV: Rs.10 C&CE of Rs.50 Crs for FY22. Jump in Advances to Supplier by 9x in FY22. Continued Improvement in RoA/RoCE/ROE since FY19. Excellent WC Cycle. Promoter stake at 74%. FII entered since Jun’22. *Concern:* Limited product portfolio. *Do Your Own Research as Well. This is Just an Opinion.* Happy Investing :)
NSE:NDRAUTOLong
by IdeasNeosagi