Carborundum on resistance area#carboruniv
#carborundum
Keep an eye on weekly closing.
Any good green candle on weekly close will trigger long entry.
Stock is beneficiary of EV theme.
#vr
Electricvehicle
Olectra greenrtech strong moves#olectra
#olectragreentech
A strong bull run and now accumulation going on.
Volumes falling below average!!
Took support at 20DEMA
Safe can enter at breakout.
Risky can add now or 750.
If 750 breaks, 700 is a strong support.
#vr
Kindly DYOR
Tata Motors - MONTHLY Chart Analysis - 26.11.2021TATA MOTORS have support level at 428 and a similarity i find in the monthly chart is on Nov 2016 the stock went down and by December 2016 it had taken the support at 428 level and made high of 486 level. So is it a repeatation for December 2021? NEED TO WATCH OUT. However one can see a fresh buying opportunity only after full correction completed.
Tata Motors - Monthly BreakoutTata Motors after the Monthly Break out now have two strong resistance at 510 and 525 level. once these two are broken then the target 550 is achievable.
Precision cam, nice EV player#precision camshaft
Looks very interesting on charts and with the work they are doing on EV space.
Recently they had retrofitted a passenger vehicle for EV.
If it's successful then this company will easily become a multi Bagger.
On charts It had made perfect rounding bottom, where we can see volume spikes where stock made a base.
Again it broke a minor resistance zone with encouraging volumes.
It has completed pullback too.
#VR
PLEASE DYOA 🙏
Greaves Cotton - Ready to Fly
Entry – CMP 157 (breakout was 156.8)
Stop loss -150.6 (Deep Stop 137)
Target 1 – 205.1
Target 2- 290.25
Duration – 2-3 years
Co produces electric engines for offices generators and ebikes (high demand for their products)
Co is almost debt free
Expect current financial year (Mar 2021) Co was making decent and consistent profits
Co is trading at Par Valuation (P/B) to its peers like Cummins, Swaraj engines, G G engineering.
Promoters of company are constantly added shares over last 2 years.
Co Owns Subsidiary Co named Ampere which produces electric Scoters.
2 Wheeler Electric segment is expected to grow at 70% CAGR over next 5 years. So huge Value building can be expected from Greaves Cotton.
Technical -
Volume accumulation is seen in last 2 weeks with Cup and Handle pattern on weekly chart.
Once Stock reaches all time high above 175.6 it will enter uncharted territory.
P.S : Holding this Script from lower levels.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Please like Share and Comment if you like our work.
Greaves Cotton Supply Zone Breakout ! Electric Vehicle theme.Price is giving a breakout from a strong resistance / supply zone . Also , we can see the price making higher high's on the hourly timeframe chart. Additionally , the electric vehicle theme can give a good boost to this stock as Govt . has also announced higher subsidies to EV manufacturing business. Through this, the government aims to promote electric vehicle usage in the country (specially the two wheeler sector) . Subsidizing this sector will definitely help the EV adoption and the plans of the government of making India an electric vehicle nation by 2030.
Greaves Cotton is one of the leading diversified engineering companies with presence in Automotive, Non-Automotive, Aftermarket, Retail , Electric mobility solutions & Finance.
In Automotive segment Greaves provides wide range of fuel-agnostic powertrain solutions for Diesel, CNG, Petrol powered 3-wheeled commercial vehicles. The company has ventured into last mile personal mobility segment with Ampere Electric for electric 2 wheelers, smaller electric industrial products and electric 3 wheelers. So , it can be anticipated that Greaves Cotton will gain advantage from the leverage given for manufacturing of Electric Vehicle by the Govt.
