I'm not an expert I'm just sharing my views on AMARAJABAT for next trading day I'm not responsible for any profit or loss this is not a recommendation
Hello everyone, Amar Raja Battery still has a good buying Opportunity in the Long Term. The stock has already broken the Dynamic resistance with volume. Time for a profit booking before to start a new rally. Wait for a correction and start to add it from 770 add till 600 Stop loss is: 540 Target is: 1000/1200/1490
EXPECTING A BIG DOWN SIDE MOVE.........
broke its ascending triangle structure after good consolidation near the resistance line
Short below prev day low till harmonics reversals and channel support
Amaraja Batteries currently below trend line and facing resistance. Possible trades: Incase if breaks the trend line (696), we can see strong uptrend towards 760-800 levels Incase if breaks 669, we can correction towards 655/645 levels. Add to watch list and trade as per trend
up move supported by volume, now price at critical point.
The yellow range is a weekly and daily resistance and stock has reached the the resistance levels, now is the time to actively watch the price action near this range. Important thing to note here is that when the prices are making higher high , higher low, rsi was almost flat. One more observation here is that in the start of rally, swings were not overlapping...
Since monthly resistance line was respected, expecting a fall for amarajabat. Also breakdown from the channel confirming a fall. Awaiting a shorting entry on pullback, near to trendline, with an SL above 560 and Target 390-395.
Are every Stocks looking down..??? one of NSE:AMARAJABAT Will we be getting Morning star,? Indian GDP is still not looking good for a moment, NSE:AMARAJABAT is travelling in a parallel channel, as per technical we have arrived a final tgt as 400 (around). in more detail scrip is WXY correction, it is final leg of Y... wait for break the channel is upward...
Warning ! AMARAJABAT weak below 711 Stay careful Long ! Patience required SUSTAINS ABOVE 711 CAN SHOW 775 / 800 / 890 Wait for breakout.
AMARAJABAT (Amara Raja Batteries Ltd) SELL BELOW 735
AMARAJABAT (Amara Raja Batteries Ltd) BUY ABOVE 690
#AMARAJABAT Evening Star at channel resistance @anish_sharmaaa