AMARA 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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As clearly seen on the Chart. NSE:AMARAJABAT has crossed neckline of W pattern or you can say double bottom pattern. If it give positive closing today above neckline. then we can go long, All the targets are mentioned in the chart.
Note : For Educational Purpose only.
NSE:AMARAJABAT
Short Term Pick :
This stock has underperformed index in last couple of years and technically it looks that it has made a bottom in last 2 months of consolidation. Upper side Targets are close to 650 levels in 1-2 months
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Attached below few Related Ideas posted under my...
AmaraRaja Trading in last few trading sessions in a Falling wedge Pattern Look out for Breakout.
As I always recommend that all TGTS are entry and exit levels and also All pattern lines can also be exit and Entry levels.
Amararaja Levels for 18/11/21
Buy above 667 TGTS 668/670/675 MaxUp(680-685)
Sell below 662 TGTS 661/658/654 MaxDn(649-645)
AmaraRaja Trading in last few trading sessions in a Triangle Patteen Look out for Breakout.
As I always recommend that all TGTS are entry and exit levels and also All pattern lines can also be exit and Entry levels.
Amararaja Levels for 17/11/21
Buy above 677 TGTS 679/681/683 MaxUp(689-686)
Sell below 673 TGTS 670/667/664 MaxDn(657-649)
AmaraRaja Trading in last few trading sessions in a Box Pattern but now in Triangle Pattern Look out for Breakout.
As I always recommend that all TGTS are entry and exit levels and also All pattern lines can also be exit and Entry levels.
Amararaja Levels for 15/11/21
Buy above 701 TGTS 703/705/708 MaxUp(715-725)
Sell below 695 TGTS 693/691/688...
AmaraRaja Trading in last few trading sessions in a Box Pattern but now in Triangle Pattern Look out for Breakout.
As I always recommend that all TGTS are entry and exit levels and also All pattern lines can also be exit and Entry levels.
Amararaja Levels for 12/11/21
Buy above 702 TGTS 704/707/710 MaxUp(718-725)
Sell below 697 TGTS 694/692/689...
AmaraRaja Trading back from triple top pattern with support in DS Zone in last few trading sessions Look out for Breakout.
As I always recommend that all TGTS are entry and exit levels and also All pattern lines can also be exit and Entry levels.
Amararaja Levels for 10/11/21
Buy above 710 TGTS 712/714/718 MaxUp(723-735)
Sell below 706 TGTS 704/702/696...
AmaraRaja Trading back from triple top pattern with support in DS Zone in last few trading sessions Look out for Breakout.
As I always recommend that all TGTS are entry and exit levels and also All pattern lines can also be exit and Entry levels.
Amararaja Levels for 09 /11/21
Buy above 710 TGTS 712/716/719 MaxUp(723-737)
Sell below 705 TGTS 703/700/696...
AmaraRaja Trading towards triple top pattern with support in DS Zone in last few trading sessions Look out for Breakout.
As I always recommend that all TGTS are entry and exit levels and also All pattern lines can also be exit and Entry levels.
Amararaja Levels for 08 /11/21
Buy above 707 TGTS 710/714/717 MaxUp(724-735)
Sell below 701 TGTS 698/696/692...
AmaraRaja Trading short term in Rising wedges and taken support in DS Zone Look out for Breakout.
As I always recommend that all TGTS are entry and exit levels and also All pattern lines can also be exit and Entry levels.
Amararaja Levels for 02 /11/21
Buy above 705 TGTS 709/713/718 MaxUp(726-737)
Sell below 700 TGTS 697/694/691 MaxDn(683-672)
It is Trading short term in Falling wedges and taken support in DS Zone Look out for Breakout.
As I always recommend that all TGTS are entry and exit levels and also All pattern lines can also be exit and Entry levels.
Amararaja Levels for 01/11/21
Buy above 682 TGTS 684/686/690 MaxUp(694-710)
Sell below 678 TGTS 673/656/674 MaxDn(659-650)
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.
