Trading Overview:
CMP: $806
52W High/Low: $1059 / $407
Market Cap: ₹958 Cr | PE Ratio: 31 | PB Ratio: 5.64 | Div Yield: 0.62%
Analysis:
Upward breakout from upper Bollinger Band on the daily chart.
Historical pattern of reversal from the support zone: $701.25 - $725.
Currently crossing the middle band with potential for a bullish move.
Healthy volume on reversal...
#NDRAUTO
It operates in the auto components industry and manufactures seat frames and trims.
Market Cap₹ 1,056 Cr.
ROCE 16.6%
InstHold 0.01%
Growth YOY :-
Sales 32.7%
Profit 50.4%
Bluesky Breakout with Volume.
#StocksInFocus
Auto Components Ltd
ABOUT
NDR Auto Component operates in the auto components industry and manufactures seat frames and trims for four-wheelers and two-wheeler vehicles and other accessories relating to car seats
It was incorporated and listed in 2019 as a part of Rohit Relan Group. It was listed post demerger of the automobile seating business from Sharda...
The stock has been consolidating and has caught up to its moving averages.
The stock could break out of a wedge nexxt week.
Long above 830 with a SL below 785 for a quick move into the 950's..
- Strong BO with big volumes
- Volume decrease during pull back
- Rejecting at the retest but volume is not that good till now
Disc :- This is just my view Not a buy recommendation
ndr auto component given good break out and making new highs , charts looks good and company catering to auto sector looks for buy on dips
cmp 676 pyramiding prefered till 560 with stop at 500 for multibagger return.
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on RSI close below 30 (or use any other method of your liking)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high...
Levels as mentioned on the chart
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
NSE:NDRAUTO BSE:NDRAUTO
Time Frame – Weekly
Observations :-
* Trading in Right-Angled Ascending Broadening Wedge pattern
* Breakout above 500
* 300-360 strong support zone
* Weekly closed above 500 must for next upside
Resistance – 601 / 760 / 866
Support – 300-360 zone & 420 level
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI...
#NDRAUTO (W):- CMP 475 Looks Good For More Upsides :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
NDR Auto Components has given a fresh breakout with good volumes.
Let the price retest to its previous resistance zone and take entry for better risk-reward.
Now 270 will act as a major support
SL 240
Target
1st 400
2nd 560
An amazing inverted head and shoulders pattern breakout can be seen. volumes are huge,(macd bullish crossover). broke R1, R2 pivots with a big green one looks bullish. can be a positional trade up to a target of 277 i.e next resistance R3 and stop loss can be kept at 240 or can trail according to your choice.
Trade at your own risk.
Thank you.
