This is a long term Investment Idea using the Buy Only indicator. Amararaja has given a multifold return over the years. They make batteries - its future seems to be bright! In Feb '2011 Rs. 1,000 invested in this trade would've possibly have become 21,459.65 by the end of this trade in about 4.5 yrs Bank FD would double (with bank rates in 2011) in 5 to 7 yrs....
Unusual pullback after a long term downtrend in stock indicating weakness in present trend. Momentum of counter trend pullback is stronger than usual with MACD making fresh high since the last 9 months period. Price is also trading in a Channel right now and bounce from lower levels is visible here. A long trade can be made here with strict "stoploss" of 678 or...
The stock has clearly made double bottom which is used to make lower lows which indicates a break for the downtrend temporarily. If the stock goes to the recent swing high that itself gives 10% returns. SL should be the recent low
Buy @700 Target 730, 770+ SL - <670 (It should be a day closing) 1st Line is a monthly chart resistance which act as support 2nd Line is daily chart support
Buy this counter at current level. It will bounce back in very short term. Targets and SL shown as per the chart. This stock can be a multibagger on a long run.
Profit making in AMAR RAJA in 8 days buy ce 1 lot 720 @5 sell ce1 lot @ 750@ 6 diff=1 lot=1000 rs. 3 lot =3000 Rs. margin only 3lac loss karke batao open for discussion mcpriceaction available everywhere for help
AmarajaBat in strong Accumulation area, it can be taken at 735 with sl of 724 ride it by trailing till 759
AMARAJABAT me inverted head and shoulders pattern banahu hai aur 200 EMA ko brack kre to hmm log swing trade leye ge aur 1000 first target leye ge
Head and Shoulders breakout in AMARAJABAT. Buy for short-term targets of 820. SL 744 on a closing basis.
Expecting Big move in coming session. Disclaimer- Only For Educational Purpose.
EXPLANATION : This is a 4 hour time frame chart of AMARAJABAT . The stock has been in a healthy downtrend for months and has formed an Inverted head & shoulders pattern . The stock gave a strong breakout and broke its supply zone with volumes and has retest the same , I am bullish on AMARAJABAT . Best buying opportunity can be near the retest area .
NSE:AMARAJABAT has shown good move today along with good volumes
AMARAJABAT Share has near to BREAKOUT around 740. . Multiple times share tested the 740 level if it breaks, we can see the good upward momentum. . Our short term target is 760. . What's your view on this comment below in the box.
Amarajabat Inverted Head and Shoulder Patteren Breakout above 745 Strong above 755
In daily timeframe, AMARAJABAT showing the breakout of downtrend channel. After this breakout if this stock sustain above 720 level then expected 825+ target in upcoming few trading session. Can go long above 720 with nearest stop loss of 690 for target of 755,790 and 825+ targets.
This stock makes a very good channel pattern. And importantly the retest was also completed, let's see how it will perform. We can look for a good risk-reward ratio here.
5 year support level touched and this is indication that it has strength , now coming to move , it could be next resistance
Buy AMARAJA Batteries. Breakout in AMARAJA Batteries.