"Bullish on AMARA RAJA ENERGY – Price Retesting Key Support Zone
#AMARAJARAJA, #EnergyStocks, #Bullish, #BreakoutRetest, #TechnicalAnalysis, #NSE
ARE&M Amara Raja Energy & Mobility Ltd (AMARAJARAJA) is currently retesting a key Support zone around ₹950,
After a solid upward move, the price is pulling back in a healthy manner, forming a textbook bullish retest pattern. This setup often precedes a continuation of the prevailing trend.
Why I'm Bullish:
🔹 Price retesting former resistance turned support at ₹950
🔹 Bullish market structure remains intact
🔹 Monthly bullish pin bar candle
🔹 Volume tapering on pullback – a bullish sign of consolidation
Key Levels:
🔹 Support (Retest Zone): ₹950
🔹 Major Resistance / Target: ₹1770
⚠️ Disclaimer:
This idea is for educational purposes only and does not constitute financial advice. Please do your own research and consult a qualified advisor before making any trading or investment decisions.
ARE&M Amara Raja Energy & Mobility Ltd (AMARAJARAJA) is currently retesting a key Support zone around ₹950, After a solid upward move, the price is pulling back in a healthy manner, forming a textbook bullish retest pattern. This setup often precedes a continuation of the prevailing trend.
Why I'm Bullish:
🔹 Price retesting former resistance turned support at ₹950
🔹 Bullish market structure remains intact
🔹 Monthly bullish pin bar candle
🔹 Volume tapering on pullback – a bullish sign of consolidation
Key Levels:
🔹 Support (Retest Zone): ₹950
🔹 Major Resistance / Target: ₹1770
⚠️ Disclaimer:
This idea is for educational purposes only and does not constitute financial advice. Please do your own research and consult a qualified advisor before making any trading or investment decisions.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.