AMARA RAJA BATTERY looking good for a swing trade.
]
The reasons behind the trade.
1. A triangle pattern had formed in this stock. The height of the pattern can be taken as the target for it.
2. The stock will soon give a break of its 50 ema.
3. and at last at the same price, the stock will break its flag and pole pattern.
Fundamental reason
1. the sales of automobiles had increased so the whole auto sector is being bullish and now it might be a bullish sign for Amara raja battery as well.
#AMARAJABAT #InvestmentIdeas #NIFTYAUTO #NIFTY50
]
The reasons behind the trade.
1. A triangle pattern had formed in this stock. The height of the pattern can be taken as the target for it.
2. The stock will soon give a break of its 50 ema.
3. and at last at the same price, the stock will break its flag and pole pattern.
Fundamental reason
1. the sales of automobiles had increased so the whole auto sector is being bullish and now it might be a bullish sign for Amara raja battery as well.
#AMARAJABAT #InvestmentIdeas #NIFTYAUTO #NIFTY50