It'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.
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 - 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...
AMARAJABAT 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. .
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AMARA RAJA BATTERIES is looking for long opportunity to take the move to the upside, TG will reached at 1020
AMARAJABAT 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 spot cmp 725 Good bullish price action setup on hourly time frame,,, Once breakout confirmed can be good long candidate
NSE: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.
Buy @710-720 Target 1 - 770+ Target 2 - 800+ Its trying to pull back from Fibonacci level and also retesting the previous resistance level.
AMARARAJA Batteries is in strong support.
#AMARAJABAT (CMP 719.85) is Trading in a Falling Channel Formation (Since 4 JAN 2021), wait for Trendline Breakout :)
AMARA RAJA BATTERIES looks very strong on chart. (for educational purpose only)
NSE:AMARAJABAT has cracked significantly today and entered into oversold zone. Bounce from 680 levels can be seen.
There 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 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...
I 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!