Amararaja
AMARA RAJA ENERGY & MOBILITY - Swing Trade Analysis - 9th March AMARA RAJA ENERGY & MOBILITY (1D TF) - Swing Trade Analysis given on 9th March, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Breakout - Done ✓
- Volume buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
#amararaja
Amararaja Batteries ReversalAmararaja battery looking good. Good reversal from Fibonacci level. Stock has been falling for many months. RSI also making W pattern.
AMARA RAJA BATTERIES LTD - POSITIONAL BUY ABOVE 520AMARA 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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AMARARAJA BATTERY LOKING GOOD FOR SWING TRADEAMARA RAJA BATTERY looking good for a swing trade.
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The reasons behind the trade.
1. A triangle pattern had formed in this stock. The height of the pattern can be taken as the target for it.
2. The stock will soon give a break of its 50 ema.
3. and at last at the same price, the stock will break its flag and pole pattern.
Fundamental reason
1. the sales of automobiles had increased so the whole auto sector is being bullish and now it might be a bullish sign for Amara raja battery as well.
#AMARAJABAT #InvestmentIdeas #NIFTYAUTO #NIFTY50
AMARA RAJA LOOKING GOODAmara Raja Battery looking good buy above 582 for the upper marked targets on the chart.
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Happy Trading!
InvestPro India Team
AMARA RAJA LOOKING GOOD TO BUYAmara 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.
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Happy Trading!
InvestPro India Team
Long Amara Raja Batteries...High Probability SetupAmara Raja Batteries
Cmp - 639
Stop - 600
Expectation -
T1 - 800
T2 - 1000, Review at 1000
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
View:- Swing/Investment
AMARA RAJA BATTERIES WEEKLY SUPPORTIf It Sustains above 730 it can give a good target of 1000.
Low-risk High-reward
Fibonacci Support
RSI Support at 30RSI
700 psychological Level
Upper Trendline Break
Amara Raja Batteries - LongAmara Raja Batteries - Long
Very good reversal pattern. Good Stock in good price will attract any "investor". Its a right choice for short-term and also long term as well.
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Buy : ₹ 681 - ₹ 703
Target: ₹ 741.3, 766.55,7.85.50
Support: 680, 661
Trade and Invest Wisely with your own knowledge! Good Luck!
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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock/Forex/Coin buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index or/and Forex or/and coins .
***
Buy Amara RajaThere was a bad news and the stock fell.
RSI in hourly charts and daily charts is in the oversold zone.
680 hasn't been broken in months.
Risk to reward ratio looks amazing.
Can buy wit stop below 680 for positional trade.
Amara Raja BatteryThis beautiful stock which has a great market demand (especially after EV bubble) has been brought down to a neckline which gets as low as corona level. The length it went up, its now back to ground zero. If you google, the reason for this fall was some pollution compliance issue, which I guess cannot be very long term. Promoters must get the error rectified and manage the political situation.
Now, It has started following this channel. A lot like Wipro. I believe that rock bottom has reach according to the charts and it should move back up.
Expecting 900 to 1100 levels quickly.
*This is only a chart pattern analysis. Please consult a registered stock market expert before investing / trading with your hard earned money.
Amara Raja at support? AMARAJABATAmara Raja Batteries has been falling since its high of 1025 in Jan 2021. It is currently at its historical crucial support level of 710.
Next support is at 640. I will short this stock if there is volume support when it breaks 710 and enter at 705 when 710 is retested as resistance. My target will be 640 with 730 as SL.
RSI also takes resistance at 60 indicating bearishness.
However, I see a trend reversal once the stock reaches 600 levels. I will still look out for a reversal pattern & RSI range shift to go long.
Amara Raja || Accumulate right now as much as you canHi Traders,
You know what to do just follow and trust the process.
Regards,
Abhishek
Amaraj Battery - Weekly ReversalAmara Raja batteri is in its base of channel pattern and expected for reversal, so give an entry with appropriate Stop loss
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
AMARAJA***************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 moving average crossover in mind while making entry or booking profit.
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MY SCORE
Total Calls = 05
Target Achieved = 02
Stop-loss Hit = 01
Live Calls = 02
AMARA RAJA PULLBACK TRADE !!AMARA RAJA Pullback trade :
Stock has 3 supports :
200 EMA
100 SMA
Trendline
Targets are specified in the chart.
SL can be kept below trendline about~8%
Do your own analysis.
Manage RR
Bullish Bat in AMARAJABATBullish 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.
Amararaja best buyAmararaja has corrected from 1024 to 760 (made head and shoulder pattern and broke down and achieved bearish target
Now the stock has made bullish divergence on daily chart and took support at 760 (it can be good closing basis stop loss) upside targets can be 828/865/925/965
AMARAJABAT SHORT• Head and Sholders pattern formed.
• Neckline is broken.
• Restest is done.
• 200 Day Exponential Moving Average is major support.
* Educational Purpose Only *
NSE:AMARAJABAT
Buy Amara Raja BatteriesBuy if sustains above 972 for the targets of 1000 and 1045.
Happy Trading!
InvestPro India Team