AMARAJABAT
AMARARAJA BATTERY BTST+SHORT TERMrisky btst+short term entry
enter@890 range
trgt 907-913++
short term 940-967+
study
little risky
I am expecting a good bouncing from the current level that's why i sharing...but remember one thing market in a selling mood...so try only if u are confident..
thanku
ike - comment - support
Amar Raja Batteries Short Trade (Anatomy of H & S Pattern)Amar Raja Batteries has formed the Head and Shoulders pattern. While considering a trade involving the H&S pattern we should consider the following things:
1. The prior trend should be an Uptrend, The H&S pattern is basically a trend reversal pattern.
2. The price should form an identifiable Left and Right Shoulder with a high Head. This may not always be symmetrical and perfect.
3. As the pattern continues to form from the L. Shoulder to the Head, the volume should gradually decrease. This indicates that the price is losing momentum.
4. Once the Neckline is broken we can enter into a short trade with a target equivalent to the height of the head from the Neck Line but in the opposite direction. However, it would be prudent to keep the target at a level that has acted as an important support/resistance previously.
5. Also, the best case scenario is a successful Retest at the Neckline.
Note: As this would be a short trade I will only take a paper trade in this case for gaining confidence so that one day I can enter such trades with conviction. If there are other points to be considered in this trade kindly mention the same.
BuyBuy in every dip around 810-760 stop loss 680 (weekly closing) target 1800 +
Disc : it's not an investment advice to buy or sell
Amaraja Batteries Amaraja Batteries is forming Head and Shoulder pattern. The Stock is standing at a very crucial stage, if the stock breaks down then we can expect stock to go down to 700 levels
[Intraday] Expected breakout of parallel channel in AMARAJABATAfter consolidation in parallel channel expected breakout in AMARAJABAT. After the breakout, It will touch immediate intraday target of 1015+ in the intraday session. So we can go long above 995 for this target.
AMARAJABAT Important Chart Pattern.An Inverted Head and Shoulders has formed in the stock chart in the small time frame.
Recently there has also been a slight increase in volume.
AMARAJABAT Short Formed a head and shoulders pattern right on 200 days moving average.
Broken the neckline.
Approaching the neckline again for a retest.
After retest, it can give a big downside or upside.
Downside target 1 - 929
Downside target 2 - 905
If after retest buying starts and the stock moves up, then it can give
Upside target 1 - 963
Upside target 2 - 970
* For educational purpose only *
Amaraja Battery Seems DischargingThe stock is trending near the trend line and sell below 970 for the targets of 950, 930 and 910 until 991 is intact on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
AMARAJABAT LONG...Above 965
SL Closing below 875
Target 980-989-999
Above all important moving average
taking continues support from 50 SMA
good volume in last session
waiting for BO candle with volume
in SAME trade SL got hit due to downside spike
Amaraja Batteries - On the verge of breakoutAmaraja Batteries - In range past 2 months
too much of anomalies in between
Presence of smart money identified
After giving several sell candles stock not ready to go below certain point
Waiting for proper breakout with volume + low volume pull back
Amaraja Battery - Bullish Flag pattern breakoutNote: This is for educational purpose only.
There seems to be a bullish flag pattern breakout with good volume. The breakout volume is more than last ~20 days. There seems to be a bullish breakout in RSI as well. RSI above 60 indicates bullish momentum.
Amarajabat long....Above 965
SL Closing below 50 SMA
Target 980-989-999
Above all important moving average
taking continues support from 50 SMA
good volume in last session
waiting for BO candle with volume
Amararja Battery #Breakout waitingThis could be a good stock form swing trading next week. Nice volume seen.
AMARAJABAT Long IdeaAMARAJABAT is consolidating and making Higher Lows (Ascending Triangle)
Price is currently at Resistance Zone, Breaking 965 Level can bring good upside move
Long View negates below if breaking 925-922
Keep it on radar for coming weak.
AMARAJA May retrace from current level of dynamic resistance AMARAJA May retrace from current level of dynamic resistance to support
Intraday / Swing Setup: Looks great for 850/890 with SL of 806. Intraday / Swing Setup: Looks great for 850/890 with SL of 806. Entry should be between 810-815.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
AMARAJABATTERY - MONTHLY BREAKOUTIts the trade of the decade. But the breakout should be confirmed by clearing the short term resistance. Wait for that. If it clears buy it and keep the trade open till previous high is touched. Book partial profits there and leave the rest for investment.
#Amarajabat deciding where it wants to go next#Amarajabat is deciding where it wants to go next.
It's giving a 34.7 point upmove (4.5%) from the last Buy signal.
It has also ignore the Sell signal give earlier today suggesting it may still have some power left to move up. This was given to members to Buy above 807.9 in Futures.
Will be interesting to see what happens next.
What do you think?
