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TradingSutra
Sep 27, 2021 4:33 PM

AMARAJA BATTERY: TREND REVERSAL Long

Description

After taking the support near 665 zone, stock is forming HH HL on shorter time frame which can be taken as first signal for short trend reversal . one should go long on cmp with SL of 740 & look for the tgt of 780/800 zone.
Comments
tradetechnicalanalyst
It forms Inverse H&S pattern on daily chart and reverted from major resistance 769. It is consider as return move. it must test it's neck line 740 or may be test 724 in extremes case, both are the buy level for target 800+
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