Amaraja bat good long candidateAmara raja spot cmp 718
counter is trading around good demand zone of previous bottom,,
is retesting the breakout trendline...
counter can give 15-20% upmove from current levels
good long candidate
Amarajabattery
LNA-IRCTC, HEROMOTO, HDFCLIFE, ATULAUTO, AMARAJA, TAMO and moreLNA stand for Late night analysis
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls
AMARAJA BATTERY | TRADE THE BREAKOUTThe stock is trading in a narrow range of 25 points 755 - 730, good move is expected once this range is broken either side.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
Amara Raja || Accumulate right now as much as you canHi Traders,
You know what to do just follow and trust the process.
Regards,
Abhishek
AMARAJABAT_UPCOMING OPPORTUNITYKeep this stock in your watchlist. Will share the analysis if there is some opportunity.
(for educational purpose only)
Long on AmararajaMajor correction is coming in amararaja after big fall ! As everyone know batteries gonna shine in few years! Also If you open screener you can see D%(delivery) is increasing day by day!
as you can see RSI is showing bullish divergence!
This is only for educational purposes . Do your research before investing
Amaraj Battery - Weekly ReversalAmara Raja batteri is in its base of channel pattern and expected for reversal, so give an entry with appropriate Stop loss
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
AMARA RAJA BATTERI @ Make or Break & Trend Based Fib ExtensionAMARA RAJA BATTERI @ Make or Break & Trend Based Fib Extension
Negative:
BEARISH ENGLUFING PATTERN formed in 4hr Candle /Daily candle , If immediate support fails downtrend may be seen with next support 712 followed by 723.
Positive:
766 is immediate support and Board meeting - Results on 22 May 2021,
Upper side Targets : 826 ,863, 892, 922
Note: This analysis is only for educational purpose.
AMARAJA***************IDEA NUMBER = 05********************
Stock has shown downside movement and taken support at current range, which shows that strong hands are entering and weak hands are going. So it's a stock which can give 30-40% returns in medium term horizon. It's not a overnight stock, it's a portfolio stock.
Targets are mentioned in the chart.
NOTE: Keep moving average crossover in mind while making entry or booking profit.
**********************************************************************************************************
MY SCORE
Total Calls = 05
Target Achieved = 02
Stop-loss Hit = 01
Live Calls = 02
AMARAJABAT - Plan, Risk and Logic in Description ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺
✺--------------------LOGIC of the trade----------------------------- ✺
✣The Green area is the weekly support zone
✣The blue trendlines depict resistance lines and support lines of a broadening pattern for downwards
✣The yellow lines show a parallel channel in making
✺----------------------- Plan of the trade---------------------------- ✺
✣No potential longs at current levels at least
✣Be patient enough to let it break out of both the patterns as told in the Logic section
✣Wait patiently and watch the stock only, no targets, no Sl, and no trade but potentially good pick for the week
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<< Thank You Have a Nice Trading Day >>>>>>
Long term view for AMARARAJA BATTERIESAMARARAJA BATTERIES might break the current descending channel and breakout to go high in the coming days.
Amaraja Falling Wedge TradeThe stock soon expected to break the wedge on the upside and we may see levels marked with a blue line in the next few sessions until 690 is intact on the downside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Amara Raja Batteries ltdAmara Raja batteries is in a downtrend since late February. It has a major support at around 720 levels and MACD also suggests about a big move coming. If this stock takes support at 720 levels and bulls take charge we can expect a potential uptrend. Govts PLI scheme for ACC batteries can also turn favourable.
For Short Term/Long term TechnicallyAmara Raja Batteries Ltd looks bullish technically on Monthly timeframe.
Analysis is price action based.
It gave breakout in Oct on this TF.
And for the past few month it is coming back to previous resistance line.
Now this month is forming green candle and may start moving upwards.
From the recent low to high I see support above 0.5 fibo level which indicates
the healthy retracement after breakout.
The retracement candles volumes are not looking that good so there is risk.
So keeping the strict STOPLOSS at a little near/down 0.61 fibo level once it is break
the downtrend resumes and confirmation of this false breakout.
So if I'm taking this risk I want good reward. So my RR ratio will be 1:2.
My Target will be 1070 and STOPLOSS 604.
This trade setup is completely based on technicals.
Though the fundamentals of company is not bad but ok type.
"Technicals indirectly tells fundamentals. You just need to learn to listen it."
This post is just because I wanted to share my analysis.
Don't take it as calls. It is only for information purpose.
Bullish Bat in AMARAJABATBullish Bat visible in Amara Raja Batteries:
Entry can be taken at the current market price- 733
Important levels for targets:
1. 775
2. 820
3. 860
4. 900
5. 950
6. 1025++
Stop Loss can be kept at 700.
Note: Post only for education purposes.
Amarajbat Long I hope you can now see how Amarajbat represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Amara Raja Daily Demand ZoneWe can plan 1:2 R:R trade based on daily demand zone on AMARAJABAT.
DDZ- Daily demand zone at 749 price zone
AMARAJABAT: RIDE THE EV BOOMAmara Raja Batteries Limited, India's largest automotive batteries manufacturer, supplies automotive batteries to Aftermarket, top Original Equipment Manufacturers (OEM), Private Labeling and Exports to over 32 countries globally.
BUY @CMP FOR A TARGET OF 1021.
HORIZON: 16W
AMARAJA BATTERY LOOKS A BUY !AMARAJA BATTERY LOOKS A BUY NEAR 773-778 WITH STOP LOSS BELOW 755 FOR TGT 1 : 816 TGT 2 : 853 TGT 3 :883.
Try to book on a risk reward of 1:2 and don't wait for the exact targets as market is very uncertain.This post is for educational purpose only.
Disclaimer post: We are not sebi registered analyst, plz do your own analysis before investing. we are not responsible for any of your losses