Long term support intactKeep a close look in to the support zone and the RR ratio favours a long position .keep a strict SL for short term and re-entry for longer term .
ARROWGREEN trade ideas
Going long with Arrow Greentech for 70-100% upside
Stock is consolidating after a strong upmove
Volumes drying up while the price is consistently holding in a narrow range
R of 3.95 - Target - 1300 | Stop loss - 700
Stock trading above short,med, and longterm MAs
ARROWGREEN - Need a pushARROWGREEN trading near ATH.
Is it ready to expand its empire to new greenfield area??
7 year old breakout with good volumeGood volume buildup in week and daily timeframe.
7 year old breakout with good volume.
Small cap⚠️⚠️.
Fundamentals are good.
Sales has doubled while profit also doubled.
EPS doubled.
DII stakes increased.
NOTE: I do my analysis, do yours before trade.
Arrow Greentech Ltd.*Arrow Greentech Ltd*
C&H; Formation on Yearly Basis.
P&F; Formation on Monthly Basis.
Strong Price BreakOut & Sustained.
Strong Vol Consolidation & Continued BuiltUp.
Resistance @ 579 to be Watched.
RSI: 1H W <M: All in Bullish Zone.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Do Your Own Research as well. This is an Opinion.
*_Happy Investing_* 🤓
Arrow GreenTech05/05/2024
Arrow GreenTech Monthly chart
Cup Pattern
RP 532
CMP 555
Target : 10 to 20 % after RP
SL: 3% below RP
Information is only for study purpose
Showing bullishness after prolonged down fall.Continuous UC's making it very attractive, may see a level of 151 in short term
