Amaraja Batteries looking good to buy at current levels for good risk reward.
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InvestPro India Team
Amara Raja Batteries - Positional Trade Idea - Buy
Setup - Price Bouncing back from Support Zones & making a Higher high first time after being in downtrend
Entry - 740 - 770 Buy Zone
Target Price 1 - 800, Once crossed 840 can be seen as next achievable target (Target 2).
Stoploss - Prices below 695
Ideally this is an investment idea and in case market...
***************IDEA NUMBER = 05********************
Stock has shown downside movement and taken support at current range, which shows that strong hands are entering and weak hands are going. So it's a stock which can give 30-40% returns in medium term horizon. It's not a overnight stock, it's a portfolio stock.
Targets are mentioned in the chart.
NOTE: Keep...
Bullish Bat visible in Amara Raja Batteries:
Entry can be taken at the current market price- 733
Important levels for targets:
1. 775
2. 820
3. 860
4. 900
5. 950
6. 1025++
Stop Loss can be kept at 700.
Note: Post only for education purposes.
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.
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