📈 Technical Setup (Daily Chart)
Current Price: ₹10,062.50 (+12.88%)
Key Levels:
Support: ₹8,900 (Recent Swing Low)
Resistance: ₹10,200 (Immediate) → ₹11,500 (Next)
All-Time High: ₹13,000 (Long-term Target)
Indicators:
Supertrend (10,3): Bullish (Green) - Confirms uptrend
TEMA (5,9,20): Rising - Strong momentum
Volume: High volume breakout (NR7 pattern) - Institutional interest
Trade Plan:
✅ Entry Zone: ₹9,800-10,000 (Pullback to breakout level)
🛑 Stop Loss: ₹9,400 (Below recent swing low)
🎯 Targets:
₹11,000 (9% upside)
₹13,000 (30% upside)
📊 Risk-Reward: 1:3 (Excellent for positional trades)
🏭 Business Fundamentals
Sector: Automobiles (Commercial Vehicles & SUVs)
Why This Trade?
Growth Catalysts:
New SUV launches (Force Gurkha 5-door)
EV expansion plans
Government infrastructure push boosting CV demand
Financials:
Revenue growth: 18% YoY (Q3 FY25)
Debt-to-Equity: 0.3x (Healthy)
Valuation: Still trading below peers (Mahindra, Tata Motors)
Risks:
Commodity price inflation
Rural demand slowdown
🎯 Execution Strategy
Confirmation: Wait for close above ₹10,200 with volume
Position Sizing: Allocate 3-5% of capital
Exit Plan:
Book 50% at ₹11,000
Trail SL to ₹10,500 for remaining
Current Price: ₹10,062.50 (+12.88%)
Key Levels:
Support: ₹8,900 (Recent Swing Low)
Resistance: ₹10,200 (Immediate) → ₹11,500 (Next)
All-Time High: ₹13,000 (Long-term Target)
Indicators:
Supertrend (10,3): Bullish (Green) - Confirms uptrend
TEMA (5,9,20): Rising - Strong momentum
Volume: High volume breakout (NR7 pattern) - Institutional interest
Trade Plan:
✅ Entry Zone: ₹9,800-10,000 (Pullback to breakout level)
🛑 Stop Loss: ₹9,400 (Below recent swing low)
🎯 Targets:
₹11,000 (9% upside)
₹13,000 (30% upside)
📊 Risk-Reward: 1:3 (Excellent for positional trades)
🏭 Business Fundamentals
Sector: Automobiles (Commercial Vehicles & SUVs)
Why This Trade?
Growth Catalysts:
New SUV launches (Force Gurkha 5-door)
EV expansion plans
Government infrastructure push boosting CV demand
Financials:
Revenue growth: 18% YoY (Q3 FY25)
Debt-to-Equity: 0.3x (Healthy)
Valuation: Still trading below peers (Mahindra, Tata Motors)
Risks:
Commodity price inflation
Rural demand slowdown
🎯 Execution Strategy
Confirmation: Wait for close above ₹10,200 with volume
Position Sizing: Allocate 3-5% of capital
Exit Plan:
Book 50% at ₹11,000
Trail SL to ₹10,500 for remaining
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.
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.