Amara Raja up move, reversal from strong support level! EV Theme

Price is moving up from a strong support level or demand zone. Also , we can see the price making higher high's on this daily timeframe chart. Additionally , the electric vehicle theme can give a good boost to this stock as Govt. has also announced higher subsidies to EV manufacturing business. Through this, the government aims to promote electric vehicle usage in the country (specially the two wheeler sector) . Subsidizing this sector will definitely help the EV adoption and the plans of the government of making India an electric vehicle nation by 2030.