Note: 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.
#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.
#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.
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...
Its 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.
As per long term analysis stock in uptrend & taking pull back . Now long entry can be taken above the price of 740 for the target price of 785 with SL of 721. Good risk to reward ratio. This is for your educational purpose only.
