Long
AMARAJABAT - on the verge of breakout
After a strong up trend, the stock has been consolidating for nearly a month, now.
And this consolidation is rife with buying pressure at every down move the price makes. (marked in arrows)
The stock has been making constant higher closes during the last 3 days. Also, this buying has come from a strong support (marked in horizontal line).
So, upon breakout, one can expect Amarajabat to resume its uptrend till 790 / 810 level
And this consolidation is rife with buying pressure at every down move the price makes. (marked in arrows)
The stock has been making constant higher closes during the last 3 days. Also, this buying has come from a strong support (marked in horizontal line).
So, upon breakout, one can expect Amarajabat to resume its uptrend till 790 / 810 level
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