Stock seems to have entered minor wave 3 of the third intermediate of fifth primary. Stock took long time consolidating in wave 4 from 2015 to 2020 which marked the end of a double correction. The next upswing that started from 23 march 2020 (post corona) could either be X - paving way for triple correction or wave 1 of primary fifth. Both the interpretations are...
looks great for short term also, will be able to give breakout
multi year breakout
looks attractive at this stage and position
risk reward ratio is better
Short term and long term Amara Raja Energy & Mobility Limited
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AAA EASY TRADING AND INVESTING WITH MAN THAPA
Hey folks!
I have marked all the important levels along with the description.
This is my new concept which i have presented in the form of Buying Strategy.
Before moving further let me clarify the basic fundamental or basic requirement is that this will work in up trending stock or stock which is converting to an uptrend.
Reasons for picking this...
NSE:ARE_M If you missed the rally of Exide industry then you can add this stock in your watchlist. After breakout we can expect huge upside movement in this stock.
AMARARAJA ENERGY & MOBILITY (ARE_M) is breaking out from a 9-year consolidation on substantial relative volume. Its relative performance to the broader CNX500 index has been mostly positive since Nov 2022. The momentum indicator (RSI) has been travelling in the bullish territory after entering 60+ zone during Dec 2023. If the breakout sustains the stock can see...
NSE:ARE_M Daily Analysis!
Symmetrical Triangle Pattern formed in $NSE:ARE_M!
Symmetrical Triangle Pattern breakout in $NSE:ARE_M!
RSI Bounced Back from 50 Level
NSE:ARE_M formed a Symmetrical Triangle Pattern on the Daily time-frame. The stock is being in the uptrend by taking support on 50EMA. We can clearly see the breakout to the resistance...
trend line brke out with volume brake out this stock following trend line restresment for the past month then totady break the trend line today and past 10 days volume brake out today the following hh high and higer low
existing holders can consider for accumulation
if touch D pint consider it, which is good place as per fib extension (50-61.8).
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
ARE&M coil system 1
Entry above 801-810
SL 754
Only for journaling not for the trading.
This post is for my personal use.
Note : only for learning, not a trading recommendation. i am posting as a trading journal before and after breakout.
Amara Raja - the second largest selling automotive battery brand in India
Long-term target is 1000rs
Undervalued stock - Price to Intrinsic Value of 0.621
1-2 years of accumulation period,
The company has a comprehensive network of 23 branches, 39 distribution points,
500+ Amaron Franchisees, 100,000+ Points of Sale,
1000+ Power Zone Retail stores and 2000+...
1) Sells Result of electric vehicles in two wheelers, three wheelers and four wheelers are significantly increased.
2) stocks have get benifits from this selles directly or indirectly
3) more impacts electric vehicles sells on similar company that relates to battery's
4) as you know we never recommenda any stocks to buy and sell
5) take own analysis or own...
If Amararaja is able to sustain 680 levels, the stock can go back to its previous high of 1000.
3 fan pattern can be seen on a weekly timeframe.
Target 1: 790
Target 2: 1000
stoploss: 600
