Amaraja Battery At Important Resistance Zone

Amaraja Battery Consolidated nicely and broke upwards from the range for a good 12% upmove.

Now, the stock is at important levels of 650-655 which happens to be near 200 daily moving average(DMA).

If this stock is to give any correction towards 570-580 zone then it has to be from here.

On the other hand, Couple of daily closes above 200 DMA would open gates for 700 zone.

I would not long it here because risk reward is not that great.