AMARAJA BATTERIES :HAR GHAR ME AMARON , HEAT HEAT ALL AROUND
Amara Raja Batteries Limited is an India-based manufacturer of lead-acid storage batteries for industrial and automotive applications in the Indian battery industry.
The stock has shown Descending Triangle Breakout today. Breakout in Volume and RSI is also seen. However, to make long term hold position, retesting of the support at 600.10 is recommended. If the stock successfully retested the support , enter the trade at support for Primary Target of 668.75 , thereafter trailing the stock would be the best strategy.
This study is only for education purpose. Kindly research before investing at your risk,
All the Best !!!
The stock has shown Descending Triangle Breakout today. Breakout in Volume and RSI is also seen. However, to make long term hold position, retesting of the support at 600.10 is recommended. If the stock successfully retested the support , enter the trade at support for Primary Target of 668.75 , thereafter trailing the stock would be the best strategy.
This study is only for education purpose. Kindly research before investing at your risk,
All the Best !!!
Comment:
surpassed first target .....
The stock has re-tested the support at the trend line as mentioned in the chart. Good time to take entry in the trade for our first target of 669.40
Please refer to my study above for any other information.