Endurance Technologies Ltd. using the given chart (1-minute candlestick, with Fibonacci retracement):
🔍 Technical View (Short-Term Intraday) Chart Analysis:
Recent High: ₹3033.80
Current Price: ₹2988.76
Fibonacci Levels:
0.382 – ₹2934.52 (minor support)
0.5 – ₹2903.85 (strong support zone)
0.618 – ₹2873.18 (very strong intraday support)
0.786 – ₹2829.51 (critical support)
Trend:
Strong bullish momentum in the early session.
Currently facing resistance near ₹3030, indicating some profit booking.
Volumes are elevated during the breakout, confirming buying strength.
🎯 Intraday Trade Levels Type Level (₹) Buy Range ₹2970–₹2990 Target 1 ₹3030 (recent high) Target 2 ₹3065–3080 (projected move) Stop Loss ₹2900 (below 50% Fibonacci)
🔐 Support & Resistance Level Type ₹2873 Strong Support (61.8% Fib) ₹2903 Support (50% Fib) ₹2934 Support (38.2%) ₹3033 Resistance (intraday top) ₹3080 Next major resistance zone (projected)
📊 Fundamental View (Endurance Technologies Ltd.) Business:
A major auto component manufacturer, with products like suspensions, transmission, braking systems.
Strong presence in 2-wheeler and 3-wheeler OEM supply chain.
Strengths:
Debt-free or low-debt company.
Good ROE and ROCE metrics.
Strong R&D and exports contribution.
Weaknesses:
Highly dependent on auto sector growth.
Margin pressures due to rising input costs.
Opportunities:
Growing demand for electric vehicles (EVs).
Export expansion.
Valuation:
Generally trades at a premium PE due to its consistent performance.
Suitable for long-term holding with strong fundamentals.
📌 Summary Factor Details Technical Bias Bullish (but minor pullback possible) Entry Zone ₹2970–₹2990 Target ₹3030 → ₹3080 Stop Loss ₹2900 (below 50% Fib support) Short-Term View Positive, momentum-backed Fundamental View Long-term positive; quality midcap
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