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