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
Next report date
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EPS estimate
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0.36 INR
449.70 M INR
20.08 B INR
631.50 M
About NANDAN DENIM LTD
Sector
Industry
Headquarters
Ahmedabad
Website
Founded
1994
ISIN
INE875G01048
FIGI
BBG000DQRXW0
Nandan Denim Ltd. engages in the textile manufacturing business. Its product portfolio includes denim, shirting, and yarn. The company was founded on August 9, 1994 and is headquartered in Ahmedabad, India.
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:
Chart
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
CRO
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
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 :
Nandan Denims - Looking Strong in Long TermTrendline and VCP Pattern:
- The chart shows an upward trendline indicating a long-term bullish trend.
- There's a visible "VCP" (Volatility Contraction Pattern) forming. This pattern typically suggests a consolidation phase where price volatility decreases before a potential breakout.
Suppor
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of NDL is 5.52 INR — it has decreased by −4.99% in the past 24 hours. Watch NANDAN DENIM LIMITED stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on BSE exchange NANDAN DENIM LIMITED stocks are traded under the ticker NDL.
NDL stock has risen by 2.60% compared to the previous week, the month change is a −2.13% fall, over the last year NANDAN DENIM LIMITED has showed a 93.68% increase.
NDL stock is 9.60% volatile and has beta coefficient of 1.23. Track NANDAN DENIM LIMITED stock price on the chart and check out the list of the most volatile stocks — is NANDAN DENIM LIMITED there?
Today NANDAN DENIM LIMITED has the market capitalization of 8.37 B, it has increased by 12.16% over the last week.
Yes, you can track NANDAN DENIM LIMITED financials in yearly and quarterly reports right on TradingView.
NANDAN DENIM LIMITED is going to release the next earnings report on Feb 6, 2025. Keep track of upcoming events with our Earnings Calendar.
NDL net income for the last quarter is 87.77 M INR, while the quarter before that showed 74.92 M INR of net income which accounts for 17.16% change. Track more NANDAN DENIM LIMITED financial stats to get the full picture.
NANDAN DENIM LIMITED dividend yield was 0.00% in 2023, and payout ratio reached 0.00%. The year before the numbers were 0.00% and 0.00% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Dec 12, 2024, the company has 2.08 K employees. See our rating of the largest employees — is NANDAN DENIM LIMITED on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. NANDAN DENIM LIMITED EBITDA is 1.36 B INR, and current EBITDA margin is 6.15%. See more stats in NANDAN DENIM LIMITED financial statements.
Like other stocks, NDL shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade NANDAN DENIM LIMITED stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So NANDAN DENIM LIMITED technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating NANDAN DENIM LIMITED stock shows the buy signal. See more of NANDAN DENIM LIMITED technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.