NRBBEARING trade ideas
NRB Bearings - Minimum 30% upside target
NRB BEARINGS: CMP 100
👉NRB BEARINGS is largest manufacturer of needle roller bearings in India, with more than 70% market share.
👉 These bearings are used to reduce the friction of a rotating surface. Mainly, these bearings will be used for weight reduction and lower space utilisation in vehicles. Company is into OEM(Original equipment manufacturers) and whenever the demand for auto sector increases, this company too will perform.
👉 Due to slow down in OEM demand, it has impacted company earnings. However, the worst is over for auto sector and there is revival in demand which will greatly benefit the company
Reasons to buy :
👉 Company has posted good Q2 nos, which shows that there is revived demand for their products after their lackluster performance in the previous quarters.
👉 Growth in profit with Increasing profit margin
👉 Promoters have increased their shareholding in previous quarter and also release of pledging of shares(still 1.36% which is negligible - only one promoter has pledged his shares)
👉 one of the promoter has acquired huge shares in the last week(again who knows better than promoters)💚💚💚
👉 Expecting good performance in the upcoming months as pick up in demand in auto sectors.💚
👉 Company is having edge over others since they are market leader in this segment.💚
On Technical front, stock has given wonderful weekly breakout and is ready to move upside🚀
One can buy and on dips for a target of 130+ for short-medium term and for long term target is 150+. Take as per your risk 🙏🙏🙏
Repeated Saucers Pattern in NRB Bearings* When a stock in which there is a large number of shares outstanding, and in which there is, at all times, a fairly active and “close” market emerges from a long-time Bottom, it will often make a long Major Advance in a series of “Saucers.” These successive patterns, each of which resembles, in both price and volume action, the Reversal Formation described in chart.as a Rounding Bottom, are slightly up tilted. That is, the rising end always carries price a little higher than the preceding Top at the beginning of the Saucer. The net gain accomplished by each Saucering movement will vary from stock to stock, but there seems to be a strong tendency for it to amount to about 10 to l5% of the price of the issue. The total reaction from the left hand lip of each Saucer to its Bottom level is usually a little greater, from20 to 30%. And the length (duration) of the Saucers is normally 5 to 7 weeks, rarely less than 3.
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NRB Bearing BreakoutNRB Bearing Breakout happened on weekly charts. For short term trader 114-115 could be quick target and for positional and long term traders 150 (50%).
NRBBEARINGAfter long time the stock has closed above downward trendline. It has closed with good volume and there is inside buying also. It can be bought at 90 with SL of 84
#NRBBEARINGNimblrTA helps you exit the stock well in advance at 190 - 206 range after the CCI 8 peak when the W momentum is lost
Later the stock tumbled to 75 odd values
NRB BEARING (BULL, MEDIUM TERM)Prefer to Buy to any dip around 206 (Upto you to wait for the dip or enter now, I would wait)
Target 230
SL 189
1. Bollinger bands bullish expansion with OBV confirmation
2. Last month HDFC mutual fund bought 10.60 Lac shares at avg price of 184
3. Currently in new highs territory
#NRBBEARINGNext target 230
Can be good entry on retracements to 180
CCI(all) > 100
Duration: 1.5-2 months
H&S in wave 5H&S in wave 5 is not a good sign. Shows that it has rallied enough and signs of correction on cards.
NRB Bearing Short...NRBBEARING make LL keep watch and trade safe...
if beak Down then enter the trade
SL use for 2% Rule
NRB Bearing - Breakout worth a tradeOne of the resilient stock..held on in the entire bear market. Started its move now..!! Tgts given on chart.
NRBBEARING bouncing backA possible bounce with stop at 155 and targets 170, 180. Can look for more upside if 182 is broken
NRB Bearing - a high potential stock.NRB Bearings
CMP 172.
Stop 130.
Target 220 / 350.
Monthly chart
Stock has cleared past 3 plus years consolidation zone in the form of rectanglar breakout with good volumes. Currently stock is positioning itself
Oscillator indicators providing momentum signals with the instance of previous breakout positioned post the stoch crossover at oversold zone and stoch k and d crossing 50 line mark, the stock rallying almost 100%. The current scenario is almost a similar setup.
NRB Bearing - Positional long - Super bullish chartRange breakout with volumes. Target1 225-230. If we consider it a bullish flag pattern, target can be much bigger.
