Amara Raja Battery is likely to form a Cup & Handle Pattern.
Wait for breakout from 710 level.
#Current Price - 645
#Expected Target - 970
#Resistance Based Targets
- Target 1 - 790
- Target 2 - 880
- Target 3 - 970
#Support Based Targets (Can be used as Stoploss)
- Target 1 - 671
- Target 2 - 608
Pattern is forming on weekly chart.
This idea is...
#ARE_M #patterntrading #breakouttrading #momentumstock #swingtrade
Amara Raja Energy & Mobility : Swing Trade
>> Inverse H&S pattern Visible
>> Good Strength & Volumes picking up
>> Momentum stock : U may see sudden spurts of Volume
>>Risky Trade, Book Profits timely
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the...
A very high probability that the stock will take support from the trend line. On a bullish candle, a long entry can be taken. All import levels have been marked on the charts. This is for your educational purpose only.
i will publish a detailed view on coming days .
This is not analysed in a detailed manner's.
if anybody wish to accumulate in slow manners it can be done.
I'm just sharing a small piece of view for a Long side.
a Detailed view will be published soon.
Amara Raja Batteries Limited is an India-based manufacturer of lead-acid storage batteries for industrial and automotive applications in the Indian battery industry.
The stock has shown Descending Triangle Breakout today. Breakout in Volume and RSI is also seen. However, to make long term hold position, retesting of the support at 600.10 is recommended. If the...
Hello Everyone, Happy New Year to you one and all here and as you can see here how this rounding bottom when ended took support of the previous gap and tried to push itself up also have you found it before me or not tell me in the comments and make sure to follow and like bye
AMARA RAJA BATTERIES LTD - POSITIONAL
BUY ABOVE 520 STOP LOSS 479
TARGET 534, 551, 584
Posting for Educational purpose only
Closing Basis means stock need to trade above 520 between 3:25 ~ 3.30 PM (Daily candle close > 520)
If my analysis appears OK then please LIKE, FOLLOW and SHARE
As clearly seen on the Chart. NSE:AMARAJABAT has crossed neckline of W pattern or you can say double bottom pattern. If it give positive closing today above neckline. then we can go long, All the targets are mentioned in the chart.
Note : For Educational Purpose only.
This is the Daily chart of Amara Raja Batteries.
The price has given a breakout after a pull back.
Reason for entry :
Weekly chart good Market Structure
Has taken a pullback and given BO
Below the BO Candle or below the Swing low
Before taking any trade I always analyze the trend, price, volume, and how the relative strength is performing compared to other stocks in that sector.
Here are a few observations that we can make from the AMARAJABAT chart:
Flag Pattern upside breakout(bullish)
The stock broke a long trend line and consolidated for a month.
It has given a range breakout...
Amara Raja Batteries Ltd (AMAR) strong breakout @ daily time frame.
NEWS:Next Big Bet: Battery Maker Rallies 4%, Clears Hurdle for Next Move!
Amara Raja Batteries strong breakout with volume break out and momentum created in day chart.
Amara Raja Batteries breakout for long. so strong upside are coming. BUY above 541
NEXT TARGET 553,565,590. Time to go for long,...
Trend Line Break
First Higher Low Made
Extremely High Volume Breakout
Expect a small consolidation or pullback
Wait for Confirmation and a followup
Sl anywhere below 490
Entry near 515-525
1st Tgt 580
2nd Tgt 665