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.
AMARARAJA DAILY CLOSE ABOVE 815 WOULD BE A GOOD BUYING OPPORTUNITY FOR THE TARGETS OF 923-30 SL SHOULD BE 2 DAILY CLOSE BELOW 815 MOMENTUM CAN BE SEEN ON MONDAY (24 MAY) DUE TO RESULTS TRADE ACCORDINGLY CHART READING IS EASY PEOPLE MAKE IT COMPLEX
Buy @ CMP CURRENT MARKET PRICE Final Sell Target @ 1000
Amararaja 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
• 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 if sustains above 972 for the targets of 1000 and 1045. Happy Trading! InvestPro India Team