Amaraja Batteries looking good to buy at current levels for good risk reward.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Amaraja looks very strong on weekly chart, gives breakout on falling resistance trendline and closed above strongly, relative strength indicator gives signs of coming bullishness in this stock. Fundamental strong counter.
CAUSE OF LONG-:
1- Falling resistance trendline breakout.
2- Gaining volumes regularly.
3- Relative strength indicator breakout.
4-...
Amara Raja batteri is in its base of channel pattern and expected for reversal, so give an entry with appropriate Stop loss
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after...
***************IDEA NUMBER = 05********************
Stock has shown downside movement and taken support at current range, which shows that strong hands are entering and weak hands are going. So it's a stock which can give 30-40% returns in medium term horizon. It's not a overnight stock, it's a portfolio stock.
Targets are mentioned in the chart.
NOTE: Keep...
Bullish Bat visible in Amara Raja Batteries:
Entry can be taken at the current market price- 733
Important levels for targets:
1. 775
2. 820
3. 860
4. 900
5. 950
6. 1025++
Stop Loss can be kept at 700.
Note: Post only for education purposes.
INTRADAY IN AMARARAJA BATTERIES
BUY@607.5
STOP@595
TARGET@620
QTY=1000(CASH)
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
!!intra-day ideas series everyday at between 9:30 to 10:30!!
1) Delivery volume of 2 fall days were very less
2) trading at resistance
3) 1hr rsi shows divergence
4) Tomorrow there can be knee jerk rxn due to IT raid
5) Despite ending ties with Johnson, there wont be any impact on business as tech has already been transferred
6) SL INR 672
