After taking the support near 665 zone, stock is forming HH HL on shorter time frame which can be taken as first signal for short trend reversal . one should go long on cmp with SL of 740 & look for the tgt of 780/800 zone.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
HEAD AND SHOULDER PATTERN BREAKOUT and RETEST with quite good VOLUME can be seen in AMARA RAJA BATTERIES. Price rejection from the lower levels/RETEST/PULLBACK ZONE can also be seen in 1 DAY timeframe chart. Continuation of Higher Highs and Higher Lows formation can also be seen in chart. Would suggest to go long at CMP for the target of 813.80 with the strict...
Amar Raja Battery forms Inverse H&S pattern and also has trendline BO. There is major resistance at 769 (200 EMA) Now today it was reverted from this levels so It confirm the Inverse H&S pattern with return move.
It can long near 740 add more if come 724 for target 800-820 soon
Amara Raja Batteries - Positional Trade Idea - Buy
Setup - Price Bouncing back from Support Zones & making a Higher high first time after being in downtrend
Entry - 740 - 770 Buy Zone
Target Price 1 - 800, Once crossed 840 can be seen as next achievable target (Target 2).
Stoploss - Prices below 695
Ideally this is an investment idea and in case market...
EXPLANATION : This is a 4 hour time frame chart of AMARAJABAT . The stock has been in a healthy downtrend for months and has formed an Inverted head & shoulders pattern . The stock gave a strong breakout and broke its supply zone with volumes and has retest the same , I am bullish on AMARAJABAT . Best buying opportunity can be near the retest area .
The stock is coming out of its consolidation zone and we expect a upmove although not very fast. See charts for resistance zone and expected targets as the stock move up.The rising RSi is indiactive of a coming up move.
Buy At 632
Stop Loss 607(CLOSING BASIS)
THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
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