AMARA RAJA ENERGY MOB LTD 1HR WEDGE PATTERN BREAKOUTAMARA RAJA ENERGY MOB LTD 1 hour timeframe breakout happened in wedge pattern.
Target ----> 875
ARE_M trade ideas
Amara Raja BatteryFinally showing strength to breakout of the triangle pattern and starts the next leg of rally
Wait for the breakout of the traingle pattern and Maken an entry
ARE_MOn the Technicals,
1) First, small round bottom has been completed to hit the first target
2) Second, awaiting for BO from the First target line with Good candle post some consolidation
3) Third, Once BO happens then expecting it to hit the second target
On the fundamentals, Stock is decent on majority of the aspects as of today.
Please let know if there is any other angle to the above analysis which got missed out or if wrongly interpreted above.
💥Amara Raja Energy💥-Nice Breakout💥Amara Raja Energy💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-698-700
Breakout Price-698
Stoploss-592
Targets-872-1118-1262
RT for max reach
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