Sunday, June 26, 2011

Amara Raja Batteries (AMARAJABAT )- A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook


AMARAJABATcloses  at 219.90  with a gain  of +2.20%   on 24 June 2011 with formation of Long White Candle  Candle on Daily  Price Chart. Technically,  AMARAJABAT  looking extremely Bullish  on Daily/Monthly Charts. Major Momentum Indicators are in Bullish zone. Buyer-Seller Force Index,RSI, Ultimate Trend Cycle & Twinggs Money Flow & TAIO are gaining Strength on  Daily Price Chart.It has Strong Resitance at 221/223 levels.
We Recommend to BUY  -   AMARAJABAT above 223
Target- 207
Stop-Loss – 258
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The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip.M/S Durgapur Holdings & www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
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