Amara Raja Batteries view

Amara Raja Batteries
Last closing Price 690.55

Observations

- In downtrend since May 2017

- RSI in Oversold region

- Channel support around 674

- Inverted umbrella (also known as gravestone doji) observed in prevailing down trend with high volumes

____________________________________________


Risk to reward ratio looks good to go long with

Target around 760 &

Stop loss of 674


Take care & safe trading...!!!


Regards

Indiamarketoutlook