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.

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Comment:

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