AMARAJA BATTERIES - In a Parallel ChannelAre 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 for going long, otherwise keep a stop loss and hold tight in bearish mode.
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AMARAJABAT
AMARAJABAT Patience game ahead!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 735AMARAJABAT (Amara Raja Batteries Ltd) SELL BELOW 735
AMARAJABAT (Amara Raja Batteries Ltd) BUY ABOVE 690AMARAJABAT (Amara Raja Batteries Ltd) BUY ABOVE 690
#AMARAJABAT Evening Star at channel resistance @anish_sharmaaa#AMARAJABAT Evening Star at channel resistance @anish_sharmaaa
AMARAJABTWait for the retest and confirmation candle on hrly
1. downside breakout after consolidation in triangle
2.risk reward
Amara Raja Batteries - Long Trade - Price ActionAmara Raja Batteries has been in a good fall this whole year.
But citing the good future ahead for this business with push for reforms from government in Electric Vehicles, we can see this stock back in demand once it posts some good results and future road map for investors.
Stock is currently at weekly support of 640 to 675, holding this support for couple of weeks and moving positively we can see 786 and 850 targets.
SL below 640 is must to save the capital in this risky trend.
Lets see the price Action happening in this stock in coming weeks.
AMARAJABAT - A probable H&S pattern developing. AMARAJABAT- A probable H&S pattern developing. Wait for confirmation - Look for weakness around 950-960 one. Or short on weekly close below the blue trendline.
