Amaraja is in strong sideways for almost an year, and if it breaks down this support, can go for short. If it's not, along with bullish reversal candle or pattern, long is encouraged. With the target of 895 in 30 to 40days.
SWING TRADE IN AMARARAJA BATTERIES
NOTE:RISK TO REWARD RATIO IS ALWAYS ADJUSTED TO MARKET VOLATILITY
INDIA VIX IS TRADING HIGH WHICH SUGGEST SOME GOOD PREMIUM RETURNS IN OPTION MARKETS
YOU CAN TRADE WHEREEVER YOU WANT
Amara Raja Batteries
The stock is back at important support levels
Short term trade idea is on the long side
Levels are mentioned in the chart
Take care & safe trading...!!!
Previous coverage of Amara Raja Batteries
Long At 690... the stock took some time to pick ...
We have a dual setup here in Amaraja, you can either go on higher timeframe to find Double bottom entry, or the channel breakout entry on pullback and aim for trade continuation of Double bottom targets. You can do it either way but what matters is whether your plan allows you to take that kind of risk.
If those swings happen as predicted we will be having a ...