Long
AMARAJABAT: Likely to form a Cup & Handle Pattern
Amara Raja Battery is likely to form a Cup & Handle Pattern.
Wait for breakout from 710 level.
#Current Price - 645
#Expected Target - 970
#Resistance Based Targets
- Target 1 - 790
- Target 2 - 880
- Target 3 - 970
#Support Based Targets (Can be used as Stoploss)
- Target 1 - 671
- Target 2 - 608
Pattern is forming on weekly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
Please give a Like if you like.
Wait for breakout from 710 level.
#Current Price - 645
#Expected Target - 970
#Resistance Based Targets
- Target 1 - 790
- Target 2 - 880
- Target 3 - 970
#Support Based Targets (Can be used as Stoploss)
- Target 1 - 671
- Target 2 - 608
Pattern is forming on weekly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
Please give a Like if you like.
Note
Amara Raja Batteries renamed to Amara Raja Energy & Mobility Ltd.So this pattern is not tracking the Amara Raja Energy & Mobility Ltd.
Closing it now.
Trade closed manually
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.