Amaraja Battery At Important Resistance Zone
Amaraja Battery Consolidated nicely and broke upwards from the range for a good 12% upmove.
Now, the stock is at important levels of 650-655 which happens to be near 200 daily moving average(DMA).
If this stock is to give any correction towards 570-580 zone then it has to be from here.
On the other hand, Couple of daily closes above 200 DMA would open gates for 700 zone.
I would not long it here because risk reward is not that great.
Now, the stock is at important levels of 650-655 which happens to be near 200 daily moving average(DMA).
If this stock is to give any correction towards 570-580 zone then it has to be from here.
On the other hand, Couple of daily closes above 200 DMA would open gates for 700 zone.
I would not long it here because risk reward is not that great.
Penafian
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