We Might be Looking for Contracting triangle or Barrier Triangle in this Scrip , One can look for entering after this brief correction , as its not Good to enter middle of the trend , and this will lead to higher high after this correction
SWING TRADE IN AMARARAJA BATTERIES
NOTE:RISK TO REWARD RATIO IS ALWAYS ADJUSTED TO MARKET VOLATILITY
INDIA VIX IS TRADING HIGH WHICH SUGGEST SOME GOOD PREMIUM RETURNS IN OPTION MARKETS
YOU CAN TRADE WHEREEVER YOU WANT
Amarajbat is at 30 day EMA, whereas the TL support is around 820-830 levels. Need to wait and watch how it behaves. The Auto stocks will be in focus on monday(03rd Sept) due to sales numbers that released on Saturday. Close Watch on this scrip.