Ador Welding has 64 Years of the strong presence in the welding industry. As “Welders to the Nation since 1951“, Adorweld has the strong network across 70 countries and more than 300 distributors in India. With the strong focus on Research & Development, project engineering business and exports, it is able to reward share holders.
From Aug-2013 Ador Welding Ltd share price started its upward journey and every correction has been used by investors to accumulate the stock. The daily chart is an example for text book explanation of Trend Line.
On 5th Feb 2016, the stock price jumped nearly 13% with considerable delivery based buying volume. For fundamental analysts, the reason may be optimism ahead of the Quarterly result. For technical analyst community, it’s a breakout play towards Rs.320-350. In case of the bad result, to minimize the loss one has to liquidate his positions @Rs.246.
Information presented in the above article is available in public domain and it should not be treated as “Research Report”
Registration Status: I am not a SEBI registered Research Analyst.
As per SEBI (RESEARCH ANALYSTS) REGULATIONS, 2014 and clarifications provided by SEBI
“Any person who makes the recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations.”
Disclaimer: I do not hold any position in ADORWELD.