#Stock : #Amara Raja Battries
#Chart Time Frame: #Daily
#Structure : #Breakout on #Daily and #Weekly basis with Decent #Volumes
On #Daily & #Weekly Time Frame the Stock has given a Good #Breakout with decent #Volumes at the #Bottom and has given a #Breakout of previous #Resistance at 551.20 with Gap Up open on 04-11-2022 which shows that the #Bulls have taken over the control from the #Bears.
So stock looks good for long as per the levels mentioned below:
CMP - 590.25 or BoD 540
Target 1 - 664
Target 2 - 764
Target 3 - 864 + +
SL - 479
Holding Time Frame - Short to Medium Term & Medium to Long Term
All charts & studies posted here are only for EDUCATIONAL PURPOSE
#Chart Time Frame: #Daily
#Structure : #Breakout on #Daily and #Weekly basis with Decent #Volumes
On #Daily & #Weekly Time Frame the Stock has given a Good #Breakout with decent #Volumes at the #Bottom and has given a #Breakout of previous #Resistance at 551.20 with Gap Up open on 04-11-2022 which shows that the #Bulls have taken over the control from the #Bears.
So stock looks good for long as per the levels mentioned below:
CMP - 590.25 or BoD 540
Target 1 - 664
Target 2 - 764
Target 3 - 864 + +
SL - 479
Holding Time Frame - Short to Medium Term & Medium to Long Term
All charts & studies posted here are only for EDUCATIONAL PURPOSE