Amara Raja Batteries [2hr Timeframe]
Keep it on your watchlist. Both the monthly and weekly timeframes are gaining strength. The daily is close to maxed out. It might therefore correct itself before giving a definitive move!
Also keep the current Covid scenario in mind. Market might move sideways or even dip depending on the situation. No trendline or support line will work in such a case!
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
Happy Trading!
PS: I use a different indicator to understand the overall strength in a given script. Helps me understand and gain insights on the potential momentum of a stock.
Also keep the current Covid scenario in mind. Market might move sideways or even dip depending on the situation. No trendline or support line will work in such a case!
======
This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
Happy Trading!
PS: I use a different indicator to understand the overall strength in a given script. Helps me understand and gain insights on the potential momentum of a stock.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.