ENDURANCE trade ideas
Positional Trade Idea for #EnduranceTechEndurance Technologies has broken out of a descending triangle pattern, showing bullish momentum with strong volume. This breakout signals a potential upward trend for the stock.
💥 Entry: Around ₹2,510
💥 Target: ₹2,700
💥 Stop-Loss: ₹2,350
#StockMarket #Trading #PositionalTrade #Breakout
ENDURANCE TECH S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
SWING IDEA - ENDURANCE TECHNOEndurance Technologies , a prominent player in the auto components industry, is exhibiting technical signals that indicate a potential swing trade setup.
Reasons are listed below :
Break of Flag and Pole Pattern : The stock has broken out of a bullish flag and pole pattern, which is typically a continuation pattern signaling further upward momentum.
50 EMA Support on Daily Timeframe : The stock is holding support above the 50-day exponential moving average (EMA), suggesting that the trend is intact and providing a strong base for potential gains.
Bullish Marubozu on Daily Timeframe : The formation of a bullish marubozu candle on the daily chart indicates strong buying pressure, further confirming the upward movement.
Volume Spike : A noticeable increase in trading volumes signals heightened investor interest and adds credibility to the breakout.
Target - 2820 // 3060
Stoploss - daily close below 2400
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Endurance Tech LongEndurance Tech
MTF Analysis
Endurance TechYearly Demand up
Endurance Tech 6 Month Demand BUFL 1948
Endurance TechQtrly Demand BUFL 2318
Endurance TechMonthly Demand 2315
Endurance TechWeekly Demand 2315
Endurance TechDaily Demand DMIP 2234
Endurance Tech 240 Demand DMIP 2245
ENTRY -1 2234
SL 2066
RISK 168
Potential Target 3558
First Target Points 2812
First recovery Target Points 746
Last Swing Low 2066
Last Swing High 2812
RR 4
RR 59%
Endurance seems to have endured downside now looking good. Endurance Technologies Limited engages in the manufacture of two-wheeler and three-wheeler automotive components. It offers Aluminium die castings, suspension, transmission and brake systems products. The company was founded by Anurag Jain in November 1985 and is headquartered in Aurangabad, India. CMP of Endurance Technologies is 1878.50.
The positive aspects of the company are Company with Low Debt, Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years, Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are High PE (P.E.= 43.5), Increasing Trend in Non-Core Income, Companies with high market cap, lower public shareholding, MFs decreased their shareholding last quarter.
Entry can be taken after closing above 1887. Targets in the stock will be 1945 and 2009. The long-term target in the stock will be 2069 and 2111+. Stop loss in the stock should be maintained at Closing below 1783 or 1727 depending on your risk taking ability.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Potential reversal for EnduranceThe green candle has opened below the close of the previous red candle and closed above the 50% of the previous red candle. The location seems to be a consolidation at the bottom bof a downtrend. If price breaks trendline convincingly with volume, it could mark the beginning of an uptrend. Stoploss and targets are left to the individuals to decide according to their own risk appetite.
endurance technologiesLtd. to manufacture Aluminium Die Casting products at Aurangabad, Maharashtra (India). The Endurance Group is a global force in Aluminium Casting (including Alloy Wheels), Suspension, Transmission and Braking products with annual sale revenue of 551 Million (INR 2,978 Crores) from domestic operations and approx.
endurance technologiesPvt. Ltd. to manufacture Aluminium Die Casting products at Aurangabad, Maharashtra (India). The Endurance Group is a global force in Aluminium Casting (including Alloy Wheels), Suspension, Transmission and Braking products with annual sale revenue of 551 Million (INR 2,978 Crores) from domestic operations and approx.
Endurance Technology India Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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