Endurance Technologies Ltd (NSE: ENDURANCETECH) Stock Analysis
Key Points:
Market Cap: ₹29,961 crore
Current Market Price (CMP): ₹2,130.05
Average PE Ratio: 44.03
Dividend Yield: 0.40%
52-Week High/Low: ₹2,318.80 / ₹1,357.00
Beta: 0.54
Technical Analysis:
Upward Trend: The stock has been moving upward, forming a cup pattern on the daily chart.
Support and Resistance:
Resistance: ₹2,318.80
Support Levels: ₹2,026.34 and ₹1,951, where it can potentially show a reversal.
Patterns: In the daily and weekly frames, the stock shows reversals from the 50 and 100 EMAs and has formed a double top pattern.
Investment Consideration:
Endurance Technologies appears to be a strong candidate for a mid-cap auto sector portfolio addition due to its consistent upward movement and favorable technical indicators.
Disclaimer:
This analysis is for educational purposes and not financial advice. Always conduct your own research and consult with a financial advisor before investing. The author is not SEBI registered and holds no responsibility for financial losses based on this analysis.
Conclusion:
Endurance Technologies Ltd shows promise with its technical uptrend and key support levels. Monitor for potential reversals at the support levels before adding to your portfolio.
Market Cap: ₹29,961 crore
Current Market Price (CMP): ₹2,130.05
Average PE Ratio: 44.03
Dividend Yield: 0.40%
52-Week High/Low: ₹2,318.80 / ₹1,357.00
Beta: 0.54
Technical Analysis:
Upward Trend: The stock has been moving upward, forming a cup pattern on the daily chart.
Support and Resistance:
Resistance: ₹2,318.80
Support Levels: ₹2,026.34 and ₹1,951, where it can potentially show a reversal.
Patterns: In the daily and weekly frames, the stock shows reversals from the 50 and 100 EMAs and has formed a double top pattern.
Investment Consideration:
Endurance Technologies appears to be a strong candidate for a mid-cap auto sector portfolio addition due to its consistent upward movement and favorable technical indicators.
Disclaimer:
This analysis is for educational purposes and not financial advice. Always conduct your own research and consult with a financial advisor before investing. The author is not SEBI registered and holds no responsibility for financial losses based on this analysis.
Conclusion:
Endurance Technologies Ltd shows promise with its technical uptrend and key support levels. Monitor for potential reversals at the support levels before adding to your portfolio.
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