Rocky_Chow

Never let a 'Power' crisis go to waste

Long
NSE:AMARAJABAT   None
Power Storage Units like batteries may get a demand boost as a result of the rumored threat of power crisis said to be looming large in the country, Amararaja is one ugly duckling of the market but its troubles may be soon reaching a climax with bottom at 665 levels...weekly bollinger band has had a squeeze with the width being lowest in the past 25 months and the price is beginning to resolving lower, I am keenly watching if it does a head fake and move upwards, with the pollution control case coming up and results to be announced in the next 10-12 days things can take a turn for the better .. similar price action noticed in aug-set 2019 which is marked in the chart

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