Amara Raja Batteries has been in a good fall this whole year.
But citing the good future ahead for this business with push for reforms from government in Electric Vehicles, we can see this stock back in demand once it posts some good results and future road map for investors.
Stock is currently at weekly support of 640 to 675, holding this support for couple of weeks and moving positively we can see 786 and 850 targets.
SL below 640 is must to save the capital in this risky trend.
Lets see the price Action happening in this stock in coming weeks.
But citing the good future ahead for this business with push for reforms from government in Electric Vehicles, we can see this stock back in demand once it posts some good results and future road map for investors.
Stock is currently at weekly support of 640 to 675, holding this support for couple of weeks and moving positively we can see 786 and 850 targets.
SL below 640 is must to save the capital in this risky trend.
Lets see the price Action happening in this stock in coming weeks.
Comment:
2nd target also achieved nicely.. now heading for 1050!!
achieved 1st target and now heading for 2nd.. investors to hold their money for even bigger targets of 1050++