AMARARAJA BATTERY BTST+SHORT TERMrisky btst+short term entry
enter@890 range
trgt 907-913++
short term 940-967+
study
little risky
I am expecting a good bouncing from the current level that's why i sharing...but remember one thing market in a selling mood...so try only if u are confident..
thanku
ike - comment - support
Amarajabattery
Amar Raja Batteries Short Trade (Anatomy of H & S Pattern)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 symmetrical and perfect.
3. As the pattern continues to form from the L. Shoulder to the Head, the volume should gradually decrease. This indicates that the price is losing momentum.
4. Once the Neckline is broken we can enter into a short trade with a target equivalent to the height of the head from the Neck Line but in the opposite direction. However, it would be prudent to keep the target at a level that has acted as an important support/resistance previously.
5. Also, the best case scenario is a successful Retest at the Neckline.
Note: As this would be a short trade I will only take a paper trade in this case for gaining confidence so that one day I can enter such trades with conviction. If there are other points to be considered in this trade kindly mention the same.
Amara Raja Batteries chart analysisAmara Raja Batteries chart analysis for intraday and swing trading
[Intraday] Expected breakout of parallel channel in AMARAJABATAfter 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.
AMARA RAJA BATTERY - parallel channel pattern at 15 mins tfAMARA RAJA BATTERY - parallel channel pattern at 15 mins tf
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
AMARAJABAT Short 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 educational purpose only *
Amaraja Battery Seems DischargingThe 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
Amaraja Batteries - At Strong Support LevelsIf Holds 965 - 970 levels has the potential to cross 1000
TOMMOROW STRATEGY FOR AMARAJABAT.SOME RETRACEMENT OCCUR TO THE LEVEL(983 OR 988). I MARKED. AND THEN A BIG DOWNFALL .TAKE SHORT POSITION ON AMARAJABATT. UPTO TARGET 1 946.
Amaraja Battery - Bullish Flag pattern breakoutNote: 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.
AmaraRaja Battery - VERY STRONG-but some retracement may happen #amararajabattery follow up of related idea...Achieved first target and it has broken a weekly resistance of 900 as shown on chart with good volume and it can definitely reach the next zone...be cautious here for some down move too as it ran very much in last week, so some retracement may happen but overall is bullish move...next targets are 1080 and 1130 as shown.
AmaraRaja Battery#amarajabattery achieved all targets as per previous views... now in another crucial zone, if breaks and stays above 900-910, then next target is 1000-1050 as shown in chart.
AmaraRaja Battery#amarraja followup...Now there are 2 possibilities here as shown on chart...wait n watch...
Hidden RSI Divergence in AMARAJABAT for Target of 877+We can see the price making a higher low, whereas at the same time the RSI is making a lower low. This is a bullish continuation pattern where the divergence indicates the end of a temporary retracement in an overall uptrend. This could be a great moment to buy AMARAJABAT for an immediate target of 852 and next to 877+.
Possible Trade:
Buy AMARAJABAT above 835
Stop loss - 825
Target 852 877+
AmaraRaja Battery#amarajabattery followup.. crossed resistance zone and done retracement too... stay bullish.
AmaraRaja Battery#amarajabattery followup... from 814 to 832 today...BO from weekly levels as shown yesterday...
AMARAJABATTERY - MONTHLY BREAKOUTIts the trade of the decade. But the breakout should be confirmed by clearing the short term resistance. Wait for that. If it clears buy it and keep the trade open till previous high is touched. Book partial profits there and leave the rest for investment.
