Long
Amara Raja - King of the Auto recovery?
Long Term Support around 675 levels
Approx 40% off All-Time High
Approx 33% off 2021 High
A monthly candle closure above the downward trendline (around 690 levels) would be a bullish re-test of the trendline breakout
With the NIFTYAUTO index taking support at its 200 EMA and a possible bullish reversal in the auto sector, Amara Raja could lead the charge.
Approx 40% off All-Time High
Approx 33% off 2021 High
A monthly candle closure above the downward trendline (around 690 levels) would be a bullish re-test of the trendline breakout
With the NIFTYAUTO index taking support at its 200 EMA and a possible bullish reversal in the auto sector, Amara Raja could lead the charge.
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