AMARAJABAT Intraday setup 03 July 2023NSE:AMARAJABAT is in strong uptrend. As per my analysis, if 15min close above level of 681.85, it could be best level to take buy entry at 682 with stop loss of 674 (-08 points risk). Next target to book profit would be 694 (+12).
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Amarajabatterylong
AMARABAT Positional up side viewMy long side view on AMARA RAJA BATTERI NSE:AMARAJABAT .
Stock is trade above its major resistance which is 495. My view is to take entry once price retest level of 501, then hold till target of 576 & 607.
My stop loss will on only 470.
Note: This is my personal analysis, only for learning.
Thanks.
AMARA RAJA LONGAMARARAJA LONG
Limited downside and a better RR.
With SL line in place. Short term view only.
No recommendations, just my view.
AMARA RAJA BATTERIES Trend AnalysisGood time to accumulate.
Price broke out of symmetrical triangle with weak volume, fake out likely.
Accumulate around 540-575 levels.
I don't see much downside but you may keep stoploss @ 530 (optional).
Swing target (corrective waves) is around 835 (45% ROI).
Positional target (cup with handle) is around 1700 (200% ROI).
Kindly do your own research before trading or investing.
Peace!!
AMARAJA bettery at demand zone1. At daily support zone
2. RSI positive in 30 minutes
3. consolidating at support zone with 30min dragonfly candle at bottom of trendline
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
Amarajabat - Bullish view Amarajbat - Bullish view , Expecting price will move upto 890 , Falling wedge trendline broken and retesting 0.78% of fibonocci will move the price upto 2.2%.
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
