Amara Raja Batteries is moving steadily in a channel since June. Currently it is trading near bottom of the channel. There is a good chance the share will move to the top of the channel. Stop Loss @ 700 Target @ 800-810 CMP @ 736
We have entered @ 735.65 cash position.
Note - views only for educational purposes. Do your risk assessment before entering any financial positions.
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Positions can be added around 745 with SL of 690-700.