AMARAJABAT:- The stock was downtrend for 2 years now it has reversed downtrend and caught uptrend and gave breakout on weekly chart.
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Double Bottom breakout is visible in amarajabat stock - weekly timeframe. Normally such patterns at higher time frames hold a lot of value. The second bottom respected the first bottom which gives more conviction. The whole price action is supported by the announcement made by the management of Amara Raja Batteries of capex into Lithium Ion batteries which are...
AMARAJA BATTERIES Weekly may be a good play going forward, Stock looks sustaining the current levels and trading within the down trending channel. Once the price breaks the channel on positive side huge potential for stock to move upside. A move can be predicted as the current downtrend channel has retraced lot to its previous trending move. Keep watch. Strict...
AMARA RAJA BATTERIES LTD - POSITIONAL
BUY ABOVE 520 STOP LOSS 479
TARGET 534, 551, 584
Posting for Educational purpose only
Closing Basis means stock need to trade above 520 between 3:25 ~ 3.30 PM (Daily candle close > 520)
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As clearly seen on the Chart. NSE:AMARAJABAT has crossed neckline of W pattern or you can say double bottom pattern. If it give positive closing today above neckline. then we can go long, All the targets are mentioned in the chart.
Note : For Educational Purpose only.
Before taking any trade I always analyze the trend, price, volume, and how the relative strength is performing compared to other stocks in that sector.
Here are a few observations that we can make from the AMARAJABAT chart:
Flag Pattern upside breakout(bullish)
The stock broke a long trend line and consolidated for a month.
It has given a range breakout...
BUY : 448 TO 500
TARGET 857 TO 1041
Reason For Selling This Script :
In this script it has formed the side ways pattern for longer time frame. Now price came to support of the side ways. And it also forming the triangle pattern in monthly time frame.
Now the price has formed the support in bottom of the box. So we can go for buy as above levels. Once the price...
Trend Line Break
First Higher Low Made
Extremely High Volume Breakout
Expect a small consolidation or pullback
Wait for Confirmation and a followup
Sl anywhere below 490
Entry near 515-525
1st Tgt 580
2nd Tgt 665
Stock Name - Amara Raja Batteries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 542
#This is not Buy and Sell recommendation to any one. This is for...
Short Term Pick :
This stock has underperformed index in last couple of years and technically it looks that it has made a bottom in last 2 months of consolidation. Upper side Targets are close to 650 levels in 1-2 months
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Attached below few Related Ideas posted under my...
AMARA RAJA BATTERY looking good for a swing trade.
The reasons behind the trade.
1. A triangle pattern had formed in this stock. The height of the pattern can be taken as the target for it.
2. The stock will soon give a break of its 50 ema.
3. and at last at the same price, the stock will break its flag and pole pattern.
1. the sales of...