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Amara Raja Batteries at an important level

By alphafound
Updated
After hitting a high of 1026 in mid January, the stock has retraced to 870 levels. Currently at a good support level, 50% Fibo level. Automotive ancillary sector is expected do do well in the forthcoming quarters, since Auto sector is seeing good demand.
Weekly TF also indicated good support
Note
Weekly TF also indicated good support
AMARAJABATFibonacciSupport and ResistanceTrend Analysis
alphafound

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