If Amararaja is able to sustain 680 levels, the stock can go back to its previous high of 1000.
3 fan pattern can be seen on a weekly timeframe.
Target 1: 790
Target 2: 1000
stoploss: 600
NSE:AMARAJABAT Amara Raja Batteries Limited (ARBL), the flagship company of the Amara Raja Group, is the technology leader and is one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry.
Bullish harami candle pattern breakout done and breakout of 45 days consolidation done...
i will publish a detailed view on coming days .
This is not analysed in a detailed manner's.
if anybody wish to accumulate in slow manners it can be done.
I'm just sharing a small piece of view for a Long side.
a Detailed view will be published soon.
Nice consolidation over past few weeks and price is trying to breakout of the range. If #AMARAJABAT closes above 620 could lead to a good momentum.
R:R - ATR - 2:4
both side potential
wait for box breakout
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
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
AMARAJABAT:- Ascending triangle pattern is formed wait for the breakout till then keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get...
AMARAJABAT:- The stock was downtrend for 2 years now it has reversed downtrend and caught uptrend and gave breakout on weekly chart.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow...
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)
If my analysis appears OK then please LIKE, FOLLOW and SHARE
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...
