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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