, a well known Buses manufacturer n supplier to major metro
n tier 2 cities, also venturing into AC
Electric buses. As Demand grows for electric vehicles, electric buses can't lag behind. Also, the govt
is pushing for electric mobility, company is on verge of growth path, which is reflected in charts too.
Chart is a classic Cup n Handle pattern which is preceeded by an UPTREND. Latest volume
bar is almost 8x of 20 day avg volume
, which is also 2 YEARLY HIGHEST daily volume
All in all, a nice chart.
Disc – NO HOLDING, but Planning to add. Analysis for study purpose only.