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.
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 ...
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...
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.
-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)
INTRADAY IN AMARARAJA BATTERIES
BUY@607.5
STOP@595
TARGET@620
QTY=1000(CASH)
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
!!intra-day ideas series everyday at between 9:30 to 10:30!!
