atin28

We can hope another time on Amar Raja Could try to hit Uptrend

Long
NSE:AMARAJABAT   AMARA RAJA BATTERI
After NSE:AMARAJABAT a spinning top appear on weekly chart on last week and yesterday price traded below 680 level its look like the NSE:AMARAJABAT will change its trend in over all daily and also weekly to fulfil the reversal but hope appear after today's closed so some point need to discuss to trade.

Point One :- A reversal candle can be seen on Daily chart

Point One :- Stock take reversal from a rising support and closed above rising TL

Point Three :- Stock price test 200SMA on daily and closed above it

Point Four :- Stock price also closed above the BB Middle line which is a big supping for any further long trade.

My Point : Long above 685 or BB Middle line on 60min chart with TP-700/720 Stop-670
Comment: Stop or Trading ratio 1:1 but chances are high above 685 level
Comment: But strict buy above 685 weekly candle yet to closed tomorrow so there existence of U turn to fulfil the or continued the reversal on weekly .
Trade active
Trade closed manually: 80% positions 694 level
Comment: All positions closed on intraday

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