AMARAJABAT
AMARJA BATTERIES :BULLISH NOWLooking Bullish from this level, Entry taken 743.00
Expecting all time high
Trade Setup : MIT
Parallel Channel in AMARAJABAT, Triple confirmation!BUY AMARAJABAT @722 levels
Its a Triple Confirmation Trade:
i) Parallel Channel Breakout (Inside range since Aug 2015)
ii) Volume profile indicates GOOD ACCUMULATION taking place in the stock
iii) Ribonacci Retracement (Near 0.5 Level)
I have initiated the position and will add more at FIB (0.5) i.e. 690 levels. It's a stock to hold in your portfolio for long term.
1st target: 1025
2nd target: 1125
Amara raja Batteries stay Long
After a 3 months of bear market correction upto 30% stock has taken support at important multi year support and trend reversal with good delivery volumes is visible.
- Company's new investment in EV segment has been a fundamental trigger after a long weak trend.
-Breakout from falling price action pattern.
- Personally took longs during Monday morning dip when the company came out with Diversification in Green energy official press release circular around 755rs, positionally holding longs at cmp 785,
50 DMA at 790, 200 DMA around 817, once crossed can expect 850/900+ in short term.
Only for educational purpose.
Both fundamental and Technical looking strong for this run.
AMARAJABAT 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
Consult with your Financial advisor before trading or investing
AMAR RAJA BATTERIESIt has activated a Bullish Harmonic Deep Crab. It could bounce back to 835/875 as long as it does not breach 785
AMARAJA - NSEOISAMARAJA 04 JAN 2021 NSEOIS
CMP 965.75
Buy if sustains above 970 for atleast 2 hours.
SL 870
TGT 1000 / 1040 / 1100 / 1190
Master candle for more than a month. Any breakout can be substantial.
RSI>60. Bullish.
Good volume on Daily TF.
AMARAJA; TGT 958The stock has given a breakout after testing multiple month support levels. The rise of EV segment has also made the stock strong fundamentally. Should look to hold the stock for long term for exponential returns.
Amara Raja Batteries at an important levelAfter 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
LongGaining strength if breaks tomorrow. Buy opportunity above 974
Its again supply zone so keep booking profit at every 5 points
Keep 969 as Sl
AMARAJABATI'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
Amar Raja Battery- Meet with a real bull 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
AMARARAJA - Long - Little late in postingbroke its ascending triangle structure after good consolidation near the resistance line
Amaraja bat Intraday script shortShort below prev day low till harmonics reversals and channel support
AMARAJABAT - Long/Short possibilitiesAmaraja 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
amarraja can give good move, wait for the breakout. up move supported by volume, now price at critical point.
Amaraja BatteriesThe 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 and now the swings started overlapping which is a concern and the momentum seems to fading away.
