Retest after taking support from previous strong resistance.
A shakeout is also witnessed taking out the weak hands.
Such a phenomenon is usually followed by a strong upside rally.
Net Sales at Rs 29.12 crore in September 2023 up 65.83% from Rs. 17.56 crore in September 2022.
Quarterly Net Profit at Rs. 5.10 crore in September 2023 up 1242.11% from Rs. 0.38 crore in September 2022.
EBITDA stands at Rs. 9.57 crore in September 2023 up 857% from Rs. 1.00 crore in September 2022.
Arrow Greentech EPS has increased to Rs. 3.38 in September...
Forming a base2 at current price of 449 and showing a good BO after forming this base for last 22 weeks.
Seems next resistance is at 530 and 660. Can be added with SL of 380.
Arrow Greentech Limited is engaged in the business of developing biodegradable (green) products and high-tech products.
Stock is hovering around PE of 26 and showing ROCE 20.9 % and ROE...
ARROWGREEN:- Rounding bottom pattern has been made, breakout has also been given, if you want to plan something then do it between 208-222, till then keep your eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like...
Arrow Greentech
✓ Entry Given on 12th March (Sunday)
✓ Target Achieved on 23rd March
✓ Achieved 10% within 10 Days
✓ R:R = 1.4
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Arrow Greentech is small cap company.
It has showed cup and handle breakout on weekly charts
Favorable R:R with SL at 165
Promoter has recently bought additional shares via preferential allotment at 108 along with an investor who has bought in 3% of the company
midcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
.
.
refer my old idea given below in the related ideas
add this stock in your watch list
cup and handel structure is formed.
midcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
if you are intrested in investmet, go for it with small risk,
more possibility is there for breakout.
Daily Chart Analysis:
LTP: 153.55
Recently after a gap-up opening taking support near 150. Can take trade here with small SL, else if market favours then buy near lower trendline.
#ARROWGREEN
CMP 70.65
Target 110 // 130 // 170++ More than double.
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NSE: ARROWGREEN
Super Bullish on this stock.
From Rachit Sethia with 💚
