Amara Raja-fallen out of symmetrical triangleAmara Raja batteries-hourl y chart indicates,the price has formed a symmetrical triangle . Past few trading sessions it has fallen out of the triangle and further it took support at 872 level s. if it f ails to breach the 900 zone again, we may consider shorting it .
Neeteshjain
Cholamandalm Finance-verge of crossing immediate resistance?Stock approaching the previous important support zone. The prices are decreasing but the corresponding RSI showing higher strength. Can it be longed once it crosses the immediate resistance?
TrendLine and Bearish ChannelStrategy:One can go short when price touches the above slant trend line..As RSI value was much differ when price touches 1 trend line it shows Jet is bearish.Also the channel is also bearish.One can set target up to 2 trend line.
Please don't trade as I am in learning stage.Traders can give their expert comments.
