NDL : Multi year - Cup & Handle Breakout on Monthly TFStock has given Multiyear breakout after a very long time.
Technical chart pattern formed is: Cup & Handle
Fundamentals are also improving. As it is a small cap penny stock, hence it may take years to be go up.
DISC: It just a technical analysis and not a buy or sell recommendation in any form or way. Please consult your financial advisor before betting.
Investments in the security is subject to market risks.
NDL
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.
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 (NDL) : (Positional Trading : upto 1 Year)#NDL #roundingbottom #patterntrading #chartpattern
NDL :
>> Initial position for 1-3 Months then keep building positions upto 1 Year
>> Keep Buying on Every Dip
Key Fundamentals :
>> Piotroski score : 9
>> Low PE Stock
>> Growing Fundamentals
>> Keep eyes on 2-3 Quarter Results
Key Technicals :
>> Trending Setup
>> Rounding Bottom Formation on Weekly charts
>> Volumes Buiding up
>> Good Strength in stock
>> Massive Upside Potential
Swing Traders can lock 10% profit & keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NDL - Breakout SetupNSE:NDL
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.
