Ador Welding Ltd. is a holding company, which engages in the manufacture and sale of welding equipment. It operates through the following segments: Consumables, Equipment and Automation, and Flares and Process Equipment Division. The Consumables segment comprises of electrodes, wires, agency items related to consumables from Silvassa, Raipur, and Chennai plant....
OBSERVED DIAMOND PATTERN
FLAT RESULT - in the Q1 fy24 taking toll on stock price
but ONGC project billing will happen the 3rd and 4th Quarter
VIEW Is NEUTRAL
Long term trendline broken with good volumes and also closing above one of the Gann box levels and crossing one of the Fann angles too
RSI strength is extremely bullish
Short term trading can be played in this counter and the results are also coming out tomorrow
Annual revenue growth of 47% is outstanding, Pre-tax margin of 9% is okay, ROE of 16% is good. The company is debt free.
One Issue last 4 week the close is not near top
Ador Welding Ltd - 18.04.2022
The stock is trading @ 664 levels
There is a Resistance Zone @ 666 levels
Watch out for the price actions
Prices are at EMA
The stock can be purchased for a long term investment
