amarjat having amazing suport 5 year support level touched and this is indication that
it has strength , now coming to move , it could be next resistance
AMARAJABAT
Amara Raja Battery Bullish Flag BreakoutIt's a clear Bullish Flag breakout in Amara Raja Battery after V-shape recovery from its lower level 665.
Resistance levels to watch is 742, 755.
AMARAJA BAT bouncing back The stock is bouncing back from 38.2% retracement levels, taking support at long term support zone of 650-675. Below this stock will be weak and should take support around 550 levels. RSI 10 shows a positive divergence. A perfect position to buy the stock around 710-725. Potential upside 20%
Amara Raja Batteries - LongAmara Raja Batteries - Long
Very good reversal pattern. Good Stock in good price will attract any "investor". Its a right choice for short-term and also long term as well.
--
Buy : ₹ 681 - ₹ 703
Target: ₹ 741.3, 766.55,7.85.50
Support: 680, 661
Trade and Invest Wisely with your own knowledge! Good Luck!
You can also see my other stock analysis and the results in my profile ideas. Please follow me , If you would like to see more ideas on winning stocks.
**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock/Forex/Coin buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index or/and Forex or/and coins .
***
AMARAJABAT POSITIONAL TRADE SETUPAMARAJABAT share break the trend line towards bullish momentum.
.
You can see also the MACD Signal, Macd also give the signal of breakout.
.
Safe trader can make position in this trade after it cross 692.
.
Short term target is 740. What's your view on this comment below in the box.
.
Live Challenging Market Analysis Buy AMARAJABAT @ 808.50Live Challenging Market Analysis Buy AMARAJABAT @ 808.50
Target @ 909.35
Our Unique Features:
—————————————————————
1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
Forex Tamil
AMARAJABAT : Last buying opportunity!AMARA RAJA BATTERIES is looking for long opportunity to take the move to the upside, TG will reached at 1020
AMARAJABAT Bullish Trend AnalysisAMARAJABAT
1. minor resistance trend line breakout down
2.abcd harmonic pattern formed price movementum it is just take referance
3. last weekly strong buying pressure bullish senitiment
4. next mention target level
Amaraja bat good long candidateAmaraja bat spot cmp 725
Good bullish price action setup on hourly time frame,,,
Once breakout confirmed can be good long candidate
AMARAJABAT can show 730 levelsNSE:AMARAJABAT is looking positive. If it gives closing above 720 then it can show 730 levels soon. Volumes are low that's why it could be a difficult task for it.
Amararaj Battery - Possible Reverse From Here (Bull)Buy @710-720
Target 1 - 770+
Target 2 - 800+
Its trying to pull back from Fibonacci level and also retesting the previous resistance level.
AMARAJABAT #AMARAJABAT (CMP 719.85) is Trading in a Falling Channel Formation (Since 4 JAN 2021), wait for Trendline Breakout :)
AMARA RAJA BATTERIES_BULLS ENTEREDAMARA RAJA BATTERIES looks very strong on chart.
(for educational purpose only)
AMARAJABAT has entered into oversold zoneNSE:AMARAJABAT has cracked significantly today and entered into oversold zone. Bounce from 680 levels can be seen.
Buy Amara RajaThere was a bad news and the stock fell.
RSI in hourly charts and daily charts is in the oversold zone.
680 hasn't been broken in months.
Risk to reward ratio looks amazing.
Can buy wit stop below 680 for positional trade.
Amara Raja at support? AMARAJABATAmara Raja Batteries has been falling since its high of 1025 in Jan 2021. It is currently at its historical crucial support level of 710.
Next support is at 640. I will short this stock if there is volume support when it breaks 710 and enter at 705 when 710 is retested as resistance. My target will be 640 with 730 as SL.
RSI also takes resistance at 60 indicating bearishness.
However, I see a trend reversal once the stock reaches 600 levels. I will still look out for a reversal pattern & RSI range shift to go long.
Amaraja Batteries ---> LONGI believe Amara Raja Battery is completed with breakout confirmation .
After or during Jun Results around 2nd week of August we would see a good momentum build up to Go LONG
Wait for Confirmation around 700. Once Volume builds up.
GO LONG --> Long Term Bullish.
Risk Always within your appetite only!
AMARAJA BATTERY - Elliott wave analysis # complete cycleCorrection was completed and it is moving higher for final up-move. See the charts for more details.
Projected levels for wave 5:
First target : 1128
Second target : 1380
Third target : 1465
Final target : 1650
Invalidate level : 708
AMARAJABAT seems to be recovering and taking supportNSE:AMARAJABAT seems to be respecting support of 720 today. If it gives closing above this level then it can show some up move in the coming days provided FIIs don't start selling in the second half. :)
