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😊
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