Correction 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
NSE: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. :)
Amara raja spot cmp 718 counter is trading around good demand zone of previous bottom,, is retesting the breakout trendline... counter can give 15-20% upmove from current levels good long candidate
NSE:AMARAJABAT has broken it's 720 support levels today and RSI has entered in oversold zone. It can show signs of reversal soon.
The stock is trading in a narrow range of 25 points 755 - 730, good move is expected once this range is broken either side. To motivate me, Please like the idea If you agree with the analysis. Happy Trading!
NSE:AMARAJABAT can show some up move soon. Look at the RSI levels that I have created. It's been taking support at 38 and the same thing happening today as well. When it's RSI breaks 47 and crosses decisively then it can show 790 levels quickly. It's getting good resistance from the trend line as well. According to me, it can be a value buy.
Hi Traders, You know what to do just follow and trust the process. Regards, Abhishek
A Clean Double Bottom with stagnant volume, Aggressive can enter at cost without waiting for reversal with SL and Target as mentioned.
Keep this stock in your watchlist. Will share the analysis if there is some opportunity. (for educational purpose only)
There is one news going on regarding stay order by AP high court for NSE:AMARAJABAT . If verdict comes in favor on 12th July then it might show some up move. It takes RSI support on 30. And chart levels are showing 720 as a good range to enter for medium term.
Price formed a triangle pattern and it is at the edge of completing a pattern. Wait for the pattern break or if aggressive then go with stoploss below the pattern.
AMARAJABAT formed down channel wait until break down
AMARA RAJA BATTERI @ Make or Break & Trend Based Fib Extension Negative: BEARISH ENGLUFING PATTERN formed in 4hr Candle /Daily candle , If immediate support fails downtrend may be seen with next support 712 followed by 723. Positive: 766 is immediate support and Board meeting - Results on 22 May 2021, Upper side Targets : 826 ,863, 892, 922 Note: This...
***************IDEA NUMBER = 05******************** Stock has shown downside movement and taken support at current range, which shows that strong hands are entering and weak hands are going. So it's a stock which can give 30-40% returns in medium term horizon. It's not a overnight stock, it's a portfolio stock. Targets are mentioned in the chart. NOTE: Keep...
AMARARAJA BATTERIES might break the current descending channel and breakout to go high in the coming days.