Amara Raja Batteries [2hr Timeframe]
Keep it on your watchlist. Both the monthly and weekly timeframes are gaining strength. The daily is close to maxed out. It might therefore correct itself before giving a definitive move!
Also keep the current Covid scenario in mind. Market might move sideways or even dip depending on the situation. No trendline or support line will work in such a case!
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
Happy Trading!
PS: I use a different indicator to understand the overall strength in a given script. Helps me understand and gain insights on the potential momentum of a stock.
Also keep the current Covid scenario in mind. Market might move sideways or even dip depending on the situation. No trendline or support line will work in such a case!
======
This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
Happy Trading!
PS: I use a different indicator to understand the overall strength in a given script. Helps me understand and gain insights on the potential momentum of a stock.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.