Amara Raja batteries seems have finally corrected at its best and is ready for uptrend now.
Amara Raja Batteries - The share is in a huge accumulation phase - Note the volume as time progresses in the rectangle - A gradual SIP in the stock - buying 'N' shares every month can prove to be a good investment theme as EVs have started evolving - EV Battery business is estimated to reach $300 Billion by 2030 - Even if current market share is maintained,...
After the initial uptrend, now have been in a correction for quite some time, possible continuation of the main trend.
Amar Raja Batteries looking good for a breakout from trendline! Momentum Indicators also giving a bullish signal
• Head and Sholders pattern formed. • Neckline is broken. • Restest is done. • 200 Day Exponential Moving Average is major support. * Educational Purpose Only * NSE:AMARAJABAT
watch it for short term and intraday levels mentioned in the chart Also u can go with a short entry ,with the target of 1000+ period 1-2 months study then invest.
Please check and Try to buy some Qty near 880
Near support and forming lower wicks. Possibility of going up.
NSE:AMARAJABAT Buy limit 832 L:18:895;65
Seems good buying opportunity in stock buy above 907 with SL 880 for the fixed target price of 1000. Once stock move to 950 level try to shift SL above the cost price. Good risk to reward trade. RSI also in bullish mode. This is for your educational purpose only.
risky 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
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...
Amara Raja Batteries chart analysis for intraday and swing trading
After 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 tf Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
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...
The 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