Amara Raja Batteries Limited - Long Term Investment and SIP view

Amara Raja Batteries - The share is in a huge accumulation phase
- Note the volume as time progresses in the rectangle
- A gradual SIP in the stock - buying 'N' shares every month can prove to be a good investment theme as EVs have started evolving
- EV Battery business is estimated to reach $300 Billion by 2030
- Even if current market share is maintained, revenue will grow 10x in next 10 years
- A breakout from the rectangle is where bulk buying can be done for steep price movements
- View holds good till rectangle is not broken on downside
- This study is on a monthly chart, and only meant for really long term investors. Ignore if you lack patience.

Disclaimer - Views only for educational and informational purposes and does not consist of any trading advise. Assess your own risk before investing in financial instruments.