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...
Buy 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 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
After 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.
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.
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...
The 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
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 - 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
Note: 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.
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
This could be a good stock form swing trading next week. Nice volume seen.
AMARAJABAT 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 to support