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AMARAJABAT

Amara Raja Batteries is looking very bullish!Analysis is given on the charts but I wanted to add another point. Volume expansion has been more than 2x the 100 day moving average of volume, suggesting that some big player is accumulating the stock and pushing the price up. As midcaps have become very attractive due to their returns as well as the SEBI norms regarding mutual funds, strong midcap stocks such as Amara Raja Batteries, Voltas, Deepak Nitrite and others, will be the ones which can rally 50-100% from the CMP. Amara Raja Batteries is also fundamentally exceptional stock and I am betting on its future prospects(supplying batteries to electric vehicle manufacturers). The day India improves its EV infrastructure is the day stocks like Amara Raja Batteries will flourish. Battery makers will remain in demand for more than a century as EVs require batteries, hydrogen-powered cars also require batteries to store the energy and hence such stocks will be very attractive. Amara Raja Batteries' sales were also not affected due to COVID. Amara Raja Batteries has better ROCE and ROE than its rivals, which is a beneficial thing in the long run as it would be able to use the cash in an efficient manner. Batteries are also used to store the energy collected through windmills, solar panels, hydropower, and others and these renewable energy sources are the future. Hence, the demand for batteries isn't going to slow in the longer term(1-2 centuries) and Amara Raja Batteries has the resources to adapt to any new opportunities coming its way. Always go for stocks whose price structure is strong( HH-HL structure, volume expansion with price moving higher) and are also fundamentally strong( Have an edge in their business, positive future prospects and other aspects). I am not a SEBI registered investment advisor and hence do not follow my analysis blindly. Be aware of what you are trading and the risk associated with it. Stock market is risky and you can lose a lot of your capital. Be wise and trade carefully! Grateful!🙏
ALong
by inteliigentrader
5
AMARAJABAT : Trade SetupNSE:AMARAJABAT Hi Traders, AMARAJABAT bounced back from its support zone, this momentum can be continue. Entry and target level on chart. ********************************************************************************************************************************** If it is helpful for you, please show your support and hit the LIKE button. Provide some feedback below in the comment! This would give us encouragement to keep sharing our ideas here on this platform. ###Learn To Earn### * This analysis is educational/learning purpose only. * Trade at your own risk. Trade well, **********************************************************************************************************************************
ALong
by vimal.kr.pathak
AMARAJABAT is Making Descending Triangle Pattern (Breakout TradeAmara Raja Batteries Limited : Storage Battery Manufacturing Company ( NSE:AMARAJABAT ) is Making Descending Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for INTRADAY traders. Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern. And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High. Target and StopLoss are never already fixed in the chart pattern. Thank you. You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit. Chart Published By Ravinder Sharma
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by R_Sharma
AMARAJABAT is Making Symmetrical Triangle Pattern (Breakout)Amara Raja Batteries Limited : Storage Battery Manufacturing Company ( NSE:AMARAJABAT ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for INTRADAY traders. Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern. And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High. Target and StopLoss are never already fixed in the chart pattern. Thank you. You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit. Chart Published By Ravinder Sharma
A
by R_Sharma
AMARAJABAT - SYMMETRICAL TRIANGLEThis chart shows the consolidation of AMARAJABAT since the start of this month (august). So we expect either an up or downward move one it breaks the pattern. Wait for the breakout. Confirm it is clear breakout with volume . Buy with the help of technical indicators like macd , moving average, pivot points etc Or you could wait for a retracement and buy at retracement (if it happens) Beware : Please keep in mind and stay away from False Breakout Traps. Also this is not any recommendation. Trade at your own risk.
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by FAHEEMSAM
2