AMARAJA BATTERIES :HAR GHAR ME AMARON , HEAT HEAT ALL AROUNDAmara Raja Batteries Limited is an India-based manufacturer of lead-acid storage batteries for industrial and automotive applications in the Indian battery industry.
The stock has shown Descending Triangle Breakout today. Breakout in Volume and RSI is also seen. However, to make long term hold position, retesting of the support at 600.10 is recommended. If the stock successfully retested the support , enter the trade at support for Primary Target of 668.75 , thereafter trailing the stock would be the best strategy.
This study is only for education purpose. Kindly research before investing at your risk,
All the Best !!!
Amaron
AMARAJA BATTERIESAMARAJA BATTERIES LOOKS TOO GOOD TO ME FORMING ABCD PATTERN AND PARALLEL CHANNEL PATTERN ADD MORE AT 675 IF IT COMES TARGETS ARE MENTIONED ON THE CHARTS
REASONS FOR SELECTING THIS STOCK
1.BOUNCE BACK FROM SUPPORT LEVEL
2.HIDDEN BULLISH DIVERGENCE IN RSI
3.FORMING ABCD &PARALLEL CHANNEL PATTERNS
