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ParamjitMahapatro

amara raja battery looks bearish in medium term

Long
ParamjitMahapatro Updated   
NSE:AMARAJABAT   None
Rectangle Double Top or Bottom Trend Analysis Bearish Patterns breakdown downtrend Descending Channel Double Top
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rectangle doubletoporbottom trendanalysis bearish breakdown downtrend descendingchannel doubletop
In weekly, price broke horizontal support, then it bounced back to retest the broken support, which is acting as a resistance now.
also price is at descending channel resistance.
also double top pattern confirmed here,
snapshot

it can slide down to 670, 640, 560 levels.

Comment:
dropping my bearish idea on this.
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