AMARA RAJA BATTERIES LTD - POSITIONAL
BUY ABOVE 520 STOP LOSS 479
TARGET 534, 551, 584
Posting for Educational purpose only
Closing Basis means stock need to trade above 520 between 3:25 ~ 3.30 PM (Daily candle close > 520)
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As clearly seen on the Chart. NSE:AMARAJABAT has crossed neckline of W pattern or you can say double bottom pattern. If it give positive closing today above neckline. then we can go long, All the targets are mentioned in the chart.
Note : For Educational Purpose only.
This is the Daily chart of Amara Raja Batteries.
The price has given a breakout after a pull back.
Reason for entry :
Weekly chart good Market Structure
Has taken a pullback and given BO
Below the BO Candle or below the Swing low
Amara Raja Batteries Ltd (AMAR) strong breakout @ daily time frame.
NEWS:Next Big Bet: Battery Maker Rallies 4%, Clears Hurdle for Next Move!
Amara Raja Batteries strong breakout with volume break out and momentum created in day chart.
Amara Raja Batteries breakout for long. so strong upside are coming. BUY above 541
NEXT TARGET 553,565,590. Time to go for long,...
Short Term Pick :
This stock has underperformed index in last couple of years and technically it looks that it has made a bottom in last 2 months of consolidation. Upper side Targets are close to 650 levels in 1-2 months
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Attached below few Related Ideas posted under my...
Only take position on above 1:5 RR ratio
Current Price : 600
Take position at : breakout the triangle setup
Max Target 70% ROI
Stop loss according your Psychology
Time period : 1 year
Looks like there is a good buying opportunity we can get in Amar Raja Battery in the upcoming days which can be an opportunity for long term investment. Currently Amar Raja Battery is in a range. If we will get the price of 560-570, then it can be a great investment opportunity. Stay tuned for more such simple and crisp analysis
Amara Raja has given the breakout from the falling trending line and looking good to buy around 625 - 630 zone for upper marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
InvestPro India Team
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
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POSITIONAL INVESTMENT PICK.....
Bullish RSI Divergence
Amara raja battery..cmp 620......buy 585 to 620 ....targets-665,714,785,,,,,SL- NO NEED OR 536
take the position at your own risk,,this is my educational view to analyse my analsysis.
green blue support resistance ,key lvl
this company have planned next eco battery project for vehicles
falling wedge pattern identified 4h chart
market still downtrend and support reached
wait for entry confirm it ,after buy!?
this is reference only . index is very bad