A LONG-TERM INVESTMENT IN AMARA RAJA ENERGY MOBILITY LTD (ARE&M)
A long-term investment opportunity in Amara Raja Energy Mobility Ltd (ARE&M), here's an analysis of the chart and a suggested approach:
☣️Key Insights:
1. Price Correction:
The stock has seen a correction of 49%, making it an attractive level for long-term accumulation.
2. Strong Support Zone:
Identified between ₹992–₹1,011. This is a critical area to monitor for stability and potential reversal.
3. ✅️Targets (TP):
🟢TP-1: ₹1,160.80
🟢TP-2: ₹1,363.90
🟢TP-3: ₹1,541.20
4. 🔴Stop Loss (SL):
₹941.00, to manage risks in case of further downside.
5. ✅️Entry Zone:
Around ₹1,001.55, which aligns with the strong support levels.
⚪️Long-Term Outlook:
Sector Potential: As ARE&M operates in the energy and mobility domain, it benefits from macro trends favoring renewable energy and electric mobility solutions.
Recommendation: Accumulate near the support zone and hold for long-term targets. Monitor price action and adjust the strategy if the stock closes below ₹941.
🔴Disclaimer:
I am not SEBI registered. This information is purely for educational purposes and not financial advice. The securities market is subject to market risks; please do your own research. Thanks😊
If you like this idea
👍Like,share,subscribe 👋Alpha_strike_trader
☣️Key Insights:
1. Price Correction:
The stock has seen a correction of 49%, making it an attractive level for long-term accumulation.
2. Strong Support Zone:
Identified between ₹992–₹1,011. This is a critical area to monitor for stability and potential reversal.
3. ✅️Targets (TP):
🟢TP-1: ₹1,160.80
🟢TP-2: ₹1,363.90
🟢TP-3: ₹1,541.20
4. 🔴Stop Loss (SL):
₹941.00, to manage risks in case of further downside.
5. ✅️Entry Zone:
Around ₹1,001.55, which aligns with the strong support levels.
⚪️Long-Term Outlook:
Sector Potential: As ARE&M operates in the energy and mobility domain, it benefits from macro trends favoring renewable energy and electric mobility solutions.
Recommendation: Accumulate near the support zone and hold for long-term targets. Monitor price action and adjust the strategy if the stock closes below ₹941.
🔴Disclaimer:
I am not SEBI registered. This information is purely for educational purposes and not financial advice. The securities market is subject to market risks; please do your own research. Thanks😊
If you like this idea
👍Like,share,subscribe 👋Alpha_strike_trader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.