Amara Raja Battery (AMARON)-Elliot WaveIt seems from the chart of Amara Raja Battery that it has started generating thrust for its implusive move for 1000+.
The scrip had started with an diagonal structure in wave 1. Now we can see 665 in short-medium term but the stock is readying for 1000+ level.
This idea is an educational idea please do not invest before consulting your financial advisor.
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Implusive
GJ Analysis 27/09/2020 - UpdateOn the first break of resistance, support wasn't formed and price moved back into the range, as bullish momentum started to appear, we took a buy when the 1h candle broke the high of the previous resistance, to continue bullish, this was an impulse entry as there was very strong momentum bullish. The SL was below the current 1h candle and the Target was the resistance level at 135.2. I secured 15 pips and left a runner to fill the range and hit the 40 pip target. The runner is still running,
XLM 50% Profits OpportunityStellar is one of the most developed and high potential investments in the crypto arena so far. It showed a downtrend movement since the beginning of May and breakout and confirmed an upward raly a week ago. Its RSI is actually falling dramatically but this may change with any type of higher amount volume spike in the market. If XLM can continue its 5 wave imp elliots wave next stop is around 3949 sats for the short term and 4974 for mid term investment opportunity.
#AccumulationArea : 3400-3700 sats
Short Term Targets :
Target 1 : 3949 sats
Target 2 : 4191 sats
Target 3 : 4595 sats
Target 4 : 4974 sats
Mid/Long Term Targets :
Target 5 : 5035 sats
Target 6 : 5827 sats
Stop loss : 2924 sats
Good Luck.
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