AMARAJABAT - Channel Trade

Amara Raja Batteries is moving steadily in a channel since June. Currently it is trading near bottom of the channel.
There is a good chance the share will move to the top of the channel.
Stop Loss @ 700
Target @ 800-810
CMP @ 736

We have entered @ 735.65 cash position.

Note - views only for educational purposes. Do your risk assessment before entering any financial positions.

Trade active:

Positions can be added around 745 with SL of 690-700.