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Long
Updated

Amara Raja Batteries at an important level

74
After hitting a high of 1026 in mid January, the stock has retraced to 870 levels. Currently at a good support level, 50% Fibo level. Automotive ancillary sector is expected do do well in the forthcoming quarters, since Auto sector is seeing good demand.
Weekly TF also indicated good support
Note
Weekly TF also indicated good support
alphafound
AMARAJABATFibonacciSupport and ResistanceTrend Analysis

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AMARAJABATFibonacciSupport and ResistanceTrend Analysis
alphafound

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.