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Long

Amara Raja Batteries- Positional Buy

NSE:AMARAJABAT   AMARA RAJA BATTERI
111 4 7
Amara Raja Batteries has given a inverted Head and Shoulder pattern breakout with good volumes on the daily chart . It is good buy at CMP .
Target 975, 1010. SL 893
Comment: sl hit
Yes, interesting chart @ time, Couples of things ill just add:

a. its now touching its 200 sma @ around 923
b. last candle is half in space, out of upper bollinger bands - but ys supported by heavy volumes.
c. Yes its break out from its last high of 914 but jan it was making multiple highs in 920-935 range, will that act now a r2.
d. adx 24, trending.


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@shiyas, Your feedback is appreciated. Thank you.
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Good set up.
A very bullish break out with indicators turn bullish but IHS is so flat. otherwise I have the same view.
Thank you.
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getsetrade padiyaraa
@padiyaraa, your views are always welcome. Thank you for adding value.
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