AMARA RAJA BATTERIES looks good on chart. It seems it be in an accumulation phase. As soon as it breaks the trendline, can start moving upside. Lets see how it performs, but keep this in your watchlist. (for educational purpose)
Price continuously falling from the high for the last 3 months. The big fall made the price to form a descending channel pattern and it is getting ready to break.
Amaraja - Cmp 813 Keep Amaraja on your radar for closing above 813. Can go long once closing above 813 with sl 765 on closing basis. Will share the targets later.
Keep buying in very dip with stop below 635 ( daily closing) for target of 1700+ Disc : It's not an investment advice to buy or sell
ITS ON GOOD SUPPORT. DUE TO EV VESICLES IT HAS HIGH PROBABILITY TO TAKE THE MOVE ON UP SIDE
I shared the Sell idea on Amaraja around 970 and we booked around 60 points in that Trade. Now Sell if sustains below 810 for the marked targets. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
follow everything mentioned trade at your own risk
AMARAJABAT, Short as Neckline/Trendline broken decisively
After the initial uptrend, now have been in a correction for quite some time, possible continuation of the main trend.
Amar Raja Batteries looking good for a breakout from trendline! Momentum Indicators also giving a bullish signal
Bullish for mentioned three targets above. Don't forget to give a like and comment. Regards
• Head and Sholders pattern formed. • Neckline is broken. • Restest is done. • 200 Day Exponential Moving Average is major support. * Educational Purpose Only * NSE:AMARAJABAT
watch it for short term and intraday levels mentioned in the chart Also u can go with a short entry ,with the target of 1000+ period 1-2 months study then invest.
Near support and forming lower wicks. Possibility of going up.
NSE:AMARAJABAT Buy limit 832 L:18:895;65
risky 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