Amara Raja Batteries Ltd - 27.08.2021
The stock is in a downtrend since past few months due to statutory compliances need to be taken care of in the State of Andhra Pradesh where the Plant is located.
The stock is expected to see a trend reversal anytime soon as per the technical chart pattern formed in the last few days of trading.
The stock will see a trend reversal above 705 with stoploss @ 653
One can initiate a buy position above 705 with a strict stoploss @ 653...
NOTE: This stock will be considered as a long-term investment
Target not projected yet
The stock is in a downtrend since past few months due to statutory compliances need to be taken care of in the State of Andhra Pradesh where the Plant is located.
The stock is expected to see a trend reversal anytime soon as per the technical chart pattern formed in the last few days of trading.
The stock will see a trend reversal above 705 with stoploss @ 653
One can initiate a buy position above 705 with a strict stoploss @ 653...
NOTE: This stock will be considered as a long-term investment
Target not projected yet