Amara Raja-fallen out of symmetrical triangle

Dec 22, 2016

Amara Raja batteries-hourly chart indicates,the price has formed a symmetrical triangle. Past few trading sessions it has fallen out of the triangle and further it took support at 872 levels. if it fails to breach the 900 zone again, we may consider shorting it.

Dec 25, 2016

Trade closed: target reached

The price went to the levels of 844 which is the previous low.