Long
Amara Raja Batteries (Inv H&S BO)
AMARA RAJA BATTERIES
On Daily Basis Time Frame the Stock has giving a Good BO of Inverse Head & Shoulder Pattern and also BO of Downward Trend. As the stock has made the Pattern at the Bottom it is a good long term bet
So as per Chart the Stock looks Good for Short to Medium Term Position as per the Levels given below:
CMP - 541.10 or BoD 525
Target 1 - 557
Target 2 - 588
Target 3 - 619 + +
SL - 497
Time Frame - Medium Term for final Tgt
All charts posted here are only for EDUCATIONAL PURPOSE
Before entering into any Trade / Investment Position kindly consult your Financial Advisor
On Daily Basis Time Frame the Stock has giving a Good BO of Inverse Head & Shoulder Pattern and also BO of Downward Trend. As the stock has made the Pattern at the Bottom it is a good long term bet
So as per Chart the Stock looks Good for Short to Medium Term Position as per the Levels given below:
CMP - 541.10 or BoD 525
Target 1 - 557
Target 2 - 588
Target 3 - 619 + +
SL - 497
Time Frame - Medium Term for final Tgt
All charts posted here are only for EDUCATIONAL PURPOSE
Before entering into any Trade / Investment Position kindly consult your Financial Advisor
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