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
Amararajalong
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
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.
