The Wizard with a Magic Wand !!! - Ward Wizard Mobility
Wardwizard Innovations & Mobility Limited is a publicly-held electric vehicle manufacturing company based in India. It is engaged in manufacturing eco-friendly electric scooters and vehicles. It operates in the electric vehicle manufacturing sector in multiple countries, including India, Uganda, and Nepal
IPO began in 2015 with the initial price around Rs. 2 - Given the focus on Electric Vehicles the price skyrocketed to over Rs. 100 / share within 7 years - literally 50x. Later it started a Flag pattern consolidation on weekly and price fell around 30-35 levels before taking a Bullish Reversal
India is leading in the Renewable Energy space and even till date the # of 2 wheelers in India is multiple times higher than 4 wheelers. EV Boost has even aggravated the Electric 2wheeler space. Though this stock does not have much history on charts - this is a Multi-bagger stock which is set to Write its own History
Technicals:
The initial call was given around 40 Levels and today it trades 82+ - a staggering 105% in a matter of 6 months.
Currently the price has completed a Rounding Bottom BO above 78 and today's 13% increase accompanied by significant volume accumulation for the past 15-20 weeks is a strong confirmation of BO.
Target: 95, 120, 140++
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
IPO began in 2015 with the initial price around Rs. 2 - Given the focus on Electric Vehicles the price skyrocketed to over Rs. 100 / share within 7 years - literally 50x. Later it started a Flag pattern consolidation on weekly and price fell around 30-35 levels before taking a Bullish Reversal
India is leading in the Renewable Energy space and even till date the # of 2 wheelers in India is multiple times higher than 4 wheelers. EV Boost has even aggravated the Electric 2wheeler space. Though this stock does not have much history on charts - this is a Multi-bagger stock which is set to Write its own History
Technicals:
The initial call was given around 40 Levels and today it trades 82+ - a staggering 105% in a matter of 6 months.
Currently the price has completed a Rounding Bottom BO above 78 and today's 13% increase accompanied by significant volume accumulation for the past 15-20 weeks is a strong confirmation of BO.
Target: 95, 120, 140++
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
