Strong Breakout with Momentum – Bullish Continuation Likely
The stock has given a clean breakout above the ₹430 resistance zone. Strong bullish candle with momentum → indicates buyer dominance. Structure forming higher highs & higher lows (uptrend intact)
Buy on Dip Strategy
Entry: ₹430 – ₹435 (retest zone)
SL: ₹415
Target 1: ₹460
Target 2: ₹475+
Potential Upside: ~6–12% move
₹3000 Cr EV battery investment + strong auto demand driving growth. Company shifting from lead-acid to lithium-ion space. Long-term story looks strong, but watch margin pressure.”
The Bengaluru plant is expected to begin generating revenue in the third quarter of the current fiscal year, so we expect it to drive growth next year.
Disclaimer:
This is for educational purposes only. Not a buy/sell recommendation. Do your own analysis before investing. I am not responsible for any profit/loss.
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.