Amaraja Battery - Break Out After Accumulation.
Break Out happened after Accumulation with Volume.
After April - 2015 stock always respected accumulation zone & support zone of 791-751 & bounced.
During Last Few Weeks it reversed from lows & break accumulation zone with volume, after taking support @ Lower Line of Weekly Channel.
Above 200 EMA.
Symmetrical Triangle break out.
Can be accumulated Till 751.
May be a stock of year 2018.
Investment View For Year.
Other Details Mentioned in Chart.
I am not SEBI Registered Financial Advisor.
After April - 2015 stock always respected accumulation zone & support zone of 791-751 & bounced.
During Last Few Weeks it reversed from lows & break accumulation zone with volume, after taking support @ Lower Line of Weekly Channel.
Above 200 EMA.
Symmetrical Triangle break out.
Can be accumulated Till 751.
May be a stock of year 2018.
Investment View For Year.
Other Details Mentioned in Chart.
I am not SEBI Registered Financial Advisor.
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