ghraichura
Long

Amara Raja - Long Term Buy

NSE:AMARAJABAT   AMARA RAJA BATTERI
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Break over long term weekly downtrend line will push this up. Further support taken yesterday and today is near about 66% of 93 (915 - 822) from the fall of 915. Which indicates probable formation of cup and handle at 915 level. If it happens, then reverse H&S also being formed at 915 on daily chart .

Should go long in this stock for long term with SL at 821 and with target of new life time high in long term (i.e. 12 to 18 months). Short term SL can be today's low.

Disclaimer : I am holding this stock.

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