Einstein15
Long

AMARAJABAT breakout in cup

NSE:AMARAJABAT   AMARA RAJA BATTERI
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AMARAJABAT broke out of a month long range,
testing the 618 fib resistance.
break above 618 can give a good upside.

Pessimistically, watch for the false breakout.As it can be a classic DISTRIBUTION move, to take out all the stoploss_buy_orders sitting on the top of the range level ,before crashing down.
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