AbhishekHSinghCMT
Long

Amaraja Bat- Bang On Battery Discharged-Threw at 973 What Next?

NSE:AMARAJABAT   AMARA RAJA BATTERI
876 views
16
Wow!- We threw the battery below 973 as we were aware it is getting discharged & shall be of no use to us when I came up with the update 4 months back.

Well, it has been doing a very choppy move since the 955 highs giving nightmare to traders.

Trading Strategy
Going above 865 it should travel in the next choppy zone of 900-915 & let me come back again.

You would love to read my previous update

Amaraja Bat- Will it discharge between 1100-1130 Zone- Indeed it discharged





Trade active: 23:48 Hrs 27th Feb2017

Last Price@863

Wow!- It did not move 865-867.50 & dropped as suggested above, we buy above 865 if sustains - it dropped to 842 next.

If we get a pullback in the zone 850-855 -look to buy above 865 for target 878-880 in the short term-if extends trail with stops below 875- keep trailing till the time you are thrown out of the market by the market.

Trade active: 18:03 Hrs 1st March2017

Last Price@851

We got the pullback as expected in previous update 850-855 -so we want the price to move above 865 for an upside move & target 878-880 zone.

Trade active: 22:13 Hrs 8th March2017

Last Price@832

Going Above 875 only -Now we think one should look to buy else avoid going long.

Trade active: 15:05 Hrs 15th March2017

Last Price@864

It has started signs of recovery by today's move, but we still won't hurry & wait for more clues likely 840-855 is the zone if holds in coming days then I think it is a nice setup for good move next.


Trade active: 21:09 Hrs 20th March2017

Last Price@874

Recent High@896

Doing a pullback -long position can be established in the zone 850-860 or moving above 896.
Trade active: 18:30 Hrs 21st March2017

Last price@863

Day Low@855

Bang On!- It kisses 855 low as expected again from 896 highs- Now moving above 865 -I will be check again.

Trade active: 13:20 Hrs 22nd March2017

Last Price@875

Day Low@848

As expected range of buying was 840-855 -it crossed 865 trigger point. Once crosses 896 -recent high then it will be nice for the dead battery to get alive.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
https://twitter.com/TalksWave

Comments

sir.. i am taking the recent low 821.55 as start of a new 5 wave .., with wave ends @ 896 and wave 2 @ 50 % retracement at 848..and expecting third wave to cross 100% of wave 1 at 922.45 and 1.618 of wave 1 @ 968.46..(the last candle closed near the day high and above the kumo cloud with decent volume)..ur thoughts sir..
Reply
Once again Great Analysis Sir you have lot of patience preparing this, really appreciate you, As per my view tomorrow this stock will touch 900, above 882 we can see upward movement , please do comment on this
Reply
@maheysh, Thanks. Yes, It has good chances if it crosses 896 recent high.
Reply
Good call.
Look at tvs electronics chart is ready for upmove
Reply
Thanks for the post Abhishek.
Reply
HOLDING 100 SHARES BOUGHT AT 918 . .WAITING FOR IT TO GO UP. . CAN WE SELL THIS IN LOSS & BUY EVEREADY OR EXIDE . .WILL IT BE WORTH DOING IT ??? PLEASE SUGGEST
Reply
@jagjeet1, Let me come back to you.
Reply
@jagjeet1, If goes above 875 then you should hold
Reply
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