Hey folks!
All the important levels have been marked on the chart along with the description.
In this post i have shared buying strategy for this stock.
Risk : Reward ratio = 1:2 from the buying area to target.
This strategy works better in an overall up trending stock.
Three reasons for picking this stock:
1.Trending Stock (atleast for now).
2.Divercification and expansion of business verticals.
3.Improving fundamentals.
for any questions just drop a comment or message !
If you are viewing this idea on mobile or tablet, then to watch the chart levels then rotate your mobile to landscape mode.
All the important levels have been marked on the chart along with the description.
In this post i have shared buying strategy for this stock.
Risk : Reward ratio = 1:2 from the buying area to target.
This strategy works better in an overall up trending stock.
Three reasons for picking this stock:
1.Trending Stock (atleast for now).
2.Divercification and expansion of business verticals.
3.Improving fundamentals.
for any questions just drop a comment or message !
If you are viewing this idea on mobile or tablet, then to watch the chart levels then rotate your mobile to landscape mode.
Comment:
This stock is trading near to Its value buying area, Rs125 -150 is great value buying area..with its improving performance we can see the target of Minimum Rs 560 .The company is engaged in the production of Engine and it spare parts of Three wheeler, Generator, Agriculture machine engine and spare parts, recently started making Electric three wheeler and now it is planning to start motor control and allied parts for Electric three wheeler.The brand is old and trusted by various segments of users form Three wheeler to agriculture and various other.
Comment:
Stock is at the value buying area again. And it might be the last time we are going to see this stock at this level.
