NDL - Breakout Setup, Move is ON..NSE:NDL
✅ #NDL trading above Resistance of 5.40
✅ Next Resistance is at 8
✅ Trailing Support is at 4.45
✅ Chart adjusted as per corporate action (Share Split, Face Value Change from 10 To 1, Ex Date Sep 19, 2024)
✅Higher volumes indicate strength in the chart setup
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Nandandenim
NANDAN DENIMCompany has reduced debt.
Stock is trading at 1.09 times its book value of 40.6
Market Cap 635 Cr.
PE 14 vs Industry PE 32
ROCE 11.7 %
ROE 8 % vs ROE 3Yr 7 %
EPS growth 3Years 170 %
Earnings yield 13 %
ROIC 8.16 %
Debt to equity 0.56
Promoter holding 65 %
Pledged percentage 0 %
PEG Ratio 0.87
CROIC 12.8 %
Piotroski score 9
Chg in FII Hold 0.13 %
Nandan Denim cmp 64.10 by Monthly Chart views since listing dayNandan Denim cmp 64.10 by Monthly Chart views since listing day
- Support Zone 52 to 55 Price Band
- Weekly basis : Support at 52 > 39 > 26 with Resistance only at ATH 70
- Back to back Bullish Rounding Bottom indicative of a huge upside breakout in the making process and watch for the NEW LIFETIME HIGH MILESTONE
Nandan Denim / VCPWe can clearly see the volume contraction pattern on the Nandan Denim chart. The stock has broken its flag pattern and can give a good move from now any volume supported upmove can be seen as buying opportunity
All the key points mentioned on the chart itself
Don't take the full position at once
Maybe buy 25% on the initial signal
Add another 50% on confirmation of the signal
Add another 25% on the follow-through of price action
Build your position 1 step at a time,
Add to winners and losers are cut short
Warning: Nandan Denim has low liquidity. Would suggest managing your position size.