1- Beautiful Doji firmed after recent downtrend and gave trend reversal signal .
2- Taken support in trend line .
3 -The company's Q1 standalone net profit jumped 24.7 percent to Rs 140.9 crore versus Rs 113 crore, while revenue rose 2 percent at Rs 1,814.9 crore versus Rs 1,778.7 crore, YoY.
Earnings before interest, tax, depreciation and amortization (EBITDA)...
CMP 832, SL 831 on closing basis
tgt1 860, tgt2 870, tgt3 900.
Disclaimer: I am novice at charting and this chart is for educational purpose only, views and opinions are welcome.
Amararaja moving in an ascending Channel. SL close below 902. TGT 1023. Time frame 2 months
Disclaimer: I am a novice at charting and this chart is for educational purpose only. Views and opinions are welcome.
It is been observed on Weekly and Daily Chart that the price action is forming lower lows and lower highs indicating a bearish move ahead. It has also broken previous support of 840-850 levels. Now, it shall further dip down.
Target 1: 825
Target 2: 800
Stoploss: 850
Amara Raja Batteries Ltd. engages in the manufacture, marketing, and trading of lead-acid storage batteries. It offers products under the Amaron, PowerZone, Power Stack, Amaron Volt, QRS, and Genpro brands. The company was founded by Ramachandra Naidu Galla on February 13, 1985 and is headquartered in Hyderabad, India.
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AMARAJABAT
