Amara raja ready to buy - W pattern next target 929 SL 742
Amaraja Batteries has give a strong upside breakout from the long downward sloping channel. It has also move above the cloud resistance and POC SL - 705.. below the wick formed by the hammer
All the reasons for the trade have been explained in the videi. ------Happy Trading------
Testing Support, may give a reversal breakout
Trendline Breakout looks good to buy All the key levels are mentioned in chart with Stop-loss and Targets Weekly support retested after Breakout In Daily time frame RSI BULLISH DIVERGENCE Macd in daily positive crossover Hourly, Trendline Breakout Hourly RSI Above 60 Disclaimer I am not sebi registered analyst My studies are Educational purpose only...
All the reasosns for the trade have been explained in the video. ----HAPPY TRADING
Buy 790 before Target 940 Time 1.5 months
(1) Classic Crab pattern with 1.618 FIB and 0.886 FIB for point B and C (2) 1.618 FIB via trend based FIB Extension from ABC and project it down with 1.618 FIB around 804 (3) 1.618 FIB Retracement from B to C downwards at 827. (4) DEMA 400 around 780 Nice and clean long setup with SL around 775 possible tgts are 850 and 870
All the logic and level has been shared on chart.
AS YOU CAN SEE ITS FORMING A DESCENDING TRAINGLE KINDA PATTERN AND IF IT SHOWS WEAKNESS AT RESISTENCE LINE THEN SHORT FOR THE TARGET 920 FOR LEARNING PURPOSE ONLY.
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
Amaraja on uptrend can buy from trendline
EXPECTING A BIG DOWN SIDE MOVE.........
THIS IS WEEKLY CHART ANALYSISI TRADE ONLY AFTER CONFIRMATIONS
All the details provided in the chart. This is short trade for aggressive traders only.. DISCLAIMER: As a trader, you should consider your own risk: reward ratio and do proper lot sizing according to your margin and leverage level. This analysis is a trading idea, not a trading signal for you. Consult your financial advisor before making any trade. My own trend...
April-May has shown considerable Upside movement June - July month is showing consolidation period ... prices has touched the red zone thrice ==> also showing breakout ( very high volume ) Daily chart is showing evening doji pattern .... Future price movement can be expected in two ways .. 1. legitimate breakout ... new consolidation zone around 740 ... at-max...
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
Only sustain at current levels - stop loss - 570