Monday, May 20, 2013

AMAR RAJA BATTERIES

AMAR RAJA BATTERIES

AMAR RAJA BATTERIES is one of the auto ancillaries. After declaring its numbers stock corrected almost till its 200 DEMA(242).For last three days stock is consolidating and forming a good base to have a small pull back. Buy the stock at CMP with SL at 242.for targets of 264/270/276. When stock is falling after the results announcement, stock made a gap at around 269.55 to 276.4, Stock may try to fill the gap in this raise.

May not happen immediately, Stock may take some time to rally to these levels.


1 comment:

  1. Stock made our targets.Trail SL as long as stock rallies.

    ReplyDelete