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Amara Raja - Downward channel breakout
With Auto stocks beginning to move, Auto Ancillary stocks could move too..
Amara Raja just crossed over the 200WEMA and could soon cross the 200EMA as well..
The price is about to break a downward channel
Long above 770 with a SL below 750. Today beyond crossing the key moving average the stock also formed a higher high at 743.
Risk: Lead prices have been higher this quarter which could affect its margins.
Amara Raja just crossed over the 200WEMA and could soon cross the 200EMA as well..
The price is about to break a downward channel
Long above 770 with a SL below 750. Today beyond crossing the key moving average the stock also formed a higher high at 743.
Risk: Lead prices have been higher this quarter which could affect its margins.
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