Ndr Auto Components Limited (NDRAUTO) Stock - Complete Technical Analysis - Oct 03, 2024

NDRAUTO Stock Analysis: Price Surge Ahead Technical Breakdown & Key Levels Explained

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Ndr Auto Components Limited (NDRAUTO) has seen significant price movement recently, currently trading at 886.25. The stock has shown volatility, with the price bouncing off lows of 846.05 and hitting highs of 924.60 today. It remains 14.78% below its 52-week high of 1039.95 but is still up by 213.96% from its 52-week low of 282.28. The technical indicators reveal a mixed outlook, with the RSI at 56.34 indicating moderate momentum and the ADX at 41.37 signaling a strong trend. The MACD shows bullish momentum, while the Stochastic %K suggests that the stock is near oversold levels, opening room for potential upside. However, Awesome Oscillator and Williams %R suggest underlying bearish sentiment, meaning caution is warranted.

The stock is trading below its short-term Simple Moving Average (SMA) of 910.98, suggesting short-term weakness, while it stays well above its 200-day SMA of 492.23, indicating long-term strength. Exponential Moving Averages (EMA) show that the price is currently caught between key levels, with the 10-day EMA at 900.69 and 20-day EMA at 869.83. Key support levels are found around 827 and 615, and resistance levels are around 1045 and 1185, giving traders a range to navigate. With ATR indicating a moderate volatility level, a break above resistance could signal a continuation of the upward trend, while a failure to hold support could lead to a pullback.

Overall, traders should watch for a breakout above 900 for further upside potential. Keep an eye on momentum shifts and volume for better entry points.