Amara Raja Batteries Limited - Long Term Investment and SIP viewAmara Raja Batteries - The share is in a huge accumulation phase
- Note the volume as time progresses in the rectangle
- A gradual SIP in the stock - buying 'N' shares every month can prove to be a good investment theme as EVs have started evolving
- EV Battery business is estimated to reach $300 Billion by 2030
- Even if current market share is maintained, revenue will grow 10x in next 10 years
- A breakout from the rectangle is where bulk buying can be done for steep price movements
- View holds good till rectangle is not broken on downside
- This study is on a monthly chart, and only meant for really long term investors. Ignore if you lack patience.
Disclaimer - Views only for educational and informational purposes and does not consist of any trading advise. Assess your own risk before investing in financial instruments.
Accumulation
TATASTLBSL Bullish On Weekly ChartNSE:TATASTLBSL
TATASTLBSL forming good price and volume clusters on weekly chart for bulls.
Prefer to the price area marked with blue box and volume cluster right below it. If you managed to observe the same you will notice that prices are now hesitating to close at lower level or supply we see is being absorbed and hence there is no good follow through for same result of which prices are moving up.
We may see some resistance near the level of 51 while support from current price point is at 30.
APOLLO TYRES - Strong AccumulationApollo Tyres is in a range bound where we can spot strong accumulation. Price takes good support at previous resistance zone. One can accumulate when the price is in the accumulation zone and as the price breaks the high of the mother candle we could see some good up move with momentum.
Price might stay in this zone for a few days. More the accumulation time, stronger will be the breakout momentum !
Please trade considering your risk appetite !
Bharat Dynamics Limited (NSE:BDL)Price action shows there is an accumulation going on in the stock and it is respecting the support line(Trend line) very well once the resistance is broke we may see a good upside move.
Now, talking about the fundamentals .
Pros:-
Company is almost debt free.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 28.49%
Debtor days have improved from 54.58 to 39.90 days.
Cons:-
The company has delivered a poor sales growth of 1.73% over past five years.
Earnings include an other income of Rs.128.83 Cr.
Market Capitalization is around :- 6400 Cr
NSE:BDL
Drreddy | Bullish Parallel Channel & Falling Wedge 🎯-----------------------🙏🙏NAMASKAR 🙏🙏-----------------------------
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⭕ Day Trading opportunity ! min Chart Alert !!! ⭕
--Buy above =5126 or CMP
--Target = 5594
--Stop-loss = 4926
--Lot Size = 125
--R:R = 2.35
--Expected Profit = 58,000 ₹ per lot ( 9.14% )
--Expected Holding = 10-20 day only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) stock is moving on Bullish parallel channel
2) falling wedge pattern breakout
3) resistance breakout with volume & candlestick pattern
4) multi time frame analysis is bullish
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ADANIPORTS | BREAKOUT | ACCUMALATE EVERYTHING ABOVE 400!!!Stock has given clear inverse head and shoulders pattern breakout over the levels of 400 on the weekly charts and has confirmed it with the following bullish candles. Stock can definitely be accumulated for a good long position on the lower levels with the stop-loss of 400 for the targets of 600.
Tata Metaliks is in Bullish and accumulateTata Metaliks is very bullish and already achieved short term target but very much undervalue stock.
One can start accumulation of this stock from below levels if at all you get chance....
accumulation levels : 592/578/568/544
Target 686 and above
Bajaj Auto | Accumulation done with breakout | CMP = 2957.70
Target = 3273
Stoploss = 2797
lot size = 250
At a support zone shares are accumulated for nearly 7 trading days and now on the 8th day there is a breakout with decent volume
It can be false breakout also so be cautious before making trading decision
so we can see a good upside movement ahead
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