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About NANDAN DENIM LIMITED
Sector
Process Industries
Industry
Textiles
Headquarters
Ahmedabad
Website
nandandenim.com
Founded
1994
ISIN
INE875G01030
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 looking good. (RETEST) Reasons to go long in NDL:
1) Base over base formation in daily timeframe.
2) Retest at neck of cup and handle in weekly timeframe.
3)Retest at neckline of Inverted H&S in daily timeframe.
4)Volume Confluence(Increasing in the trend direction and decreasing at retracement).
5)Multiple Timeframe Con
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
See all ideas
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