Long
Amara Raja Batteries view
Amara Raja Batteries
Last closing Price 690.55
Observations
- In downtrend since May 2017
- RSI in Oversold region
- Channel support around 674
- Inverted umbrella (also known as gravestone doji) observed in prevailing down trend with high volumes
____________________________________________
Risk to reward ratio looks good to go long with
Target around 760 &
Stop loss of 674
Take care & safe trading...!!!
Regards
Indiamarketoutlook
Last closing Price 690.55
Observations
- In downtrend since May 2017
- RSI in Oversold region
- Channel support around 674
- Inverted umbrella (also known as gravestone doji) observed in prevailing down trend with high volumes
____________________________________________
Risk to reward ratio looks good to go long with
Target around 760 &
Stop loss of 674
Take care & safe trading...!!!
Regards
Indiamarketoutlook
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