Another stock stuck in a range... Long if breaks above 738-40 or short if breaks wedge downside...
Amara Raja Battery Fib Retracement at .618 retracement...
AmaraRaja Battery is at crucial zone too.. Good above 745
Analysis is given on the charts but I wanted to add another point. Volume expansion has been more than 2x the 100 day moving average of volume, suggesting that some big player is accumulating the stock and pushing the price up. As midcaps have become very attractive due to their returns as well as the SEBI norms regarding mutual funds, strong midcap stocks such as...
NSE:AMARAJABAT Hi Traders, AMARAJABAT bounced back from its support zone, this momentum can be continue. Entry and target level on chart. ********************************************************************************************************************************** If it is helpful for you, please show your support and hit the LIKE button. Provide some ...
trendline watch a breakout or a give up like earlier
Price travelling in a parallel channel and after taking the support from the trend line price unable to move above 750 - 755 levels once if price breaks this levels then the channel top will be the target.
Please refer the chart and follow if you find my analysis any helpful.
BUY above - 715.70 Target - 720.15
AMARAJABAT is trading in the rising channel. Stock looks to be heading towards 745-750 levels. It can be bought for a target of 745 with a stop of 695.
Follow for latest updates CMP- 698.20 Buy above 701 Target- 707
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Amara Raja Batteries today broke breakout zone 690 above and sustained, one can look forward for long position of target 800/- on upside of 100 points in coming days. hold period 2 months.
-breaking consolidation and moving up -momentum trade -first time will manage to close over 680 -can see some short covering above 685 POSITIONAL TRADE BUY@684.5 STOP@664.5 TARGET@694.5(SHORT TERM) TARGET@711(SWING TRADE) TARGET@720(POSITIONAL TRADE)
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.