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Amara Raja Batteries Ltd

Discussion in 'Technical Analysis' started by verenmitter2001, Jan 29, 2013.

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  1. verenmitter2001

    verenmitter2001 Member

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    Hi Shabbir,
    Ehats your view on this stock??
    The stock has a steady pattern of moving up.


    Thanks and Regards
    Veren
     
    verenmitter2001, Jan 29, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Multibagger
     
    shabbir, Jan 29, 2013
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  3. 1sreerajvs

    1sreerajvs Member

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    is it right time to enter, i see a breakout in intraday chart..buy@current cmp 321 sl 308 TGT 400. plz advice
     
    1sreerajvs, Jan 29, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    Yes I think it is right time to get into this stock
     
    shabbir, Jan 29, 2013
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  5. 1sreerajvs

    1sreerajvs Member

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    Thank you..
     
    1sreerajvs, Jan 29, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Jan 29, 2013
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  7. 1sreerajvs

    1sreerajvs Member

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    I think this stock have a support in 270 range. plz share your views
     
    1sreerajvs, Feb 12, 2013
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  8. shabbir

    shabbir Administrator Staff Member

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    Yes very good support.
     
    shabbir, Feb 12, 2013
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  9. chequesuraj

    chequesuraj Member

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    270?? or 260...cause 270 is showing ONLY one candle spike for support
     
    chequesuraj, Feb 12, 2013
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  10. krasquinha

    krasquinha Member

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    Even i feel 260 is the good support... Shabbir please comment...
     
    krasquinha, Feb 12, 2013
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  11. shabbir

    shabbir Administrator Staff Member

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    I would say 270
     
    shabbir, Feb 12, 2013
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  12. krasquinha

    krasquinha Member

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    Hi Shabbir,


    Please guide us why we need to consider 270 as support...

    Regards,
    Kiran
     
    krasquinha, Feb 12, 2013
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  13. shabbir

    shabbir Administrator Staff Member

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    [​IMG]

    If you look at the blue line that I have drawn, you will see that almost under 270 there was a resistance that this stock witness on November 2012. Once that was taken out it should become support now. On 23rd Jan 2013, the support was tested and held.

    Clearly suggesting that 268 to 272 is a very strong support for this stock now.
     

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    shabbir, Feb 13, 2013
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  14. shwetagnema

    shwetagnema Active Member

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    after getting support it has today +10 points.... what's in your opinion should be a buying level....when it crosses 312(high of 16 jan) or 328 (the 52 week high) or now
     
    shwetagnema, Feb 13, 2013
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  15. krasquinha

    krasquinha Member

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    Thanks Shabbir for the Valuble information ...

    Regards,
    Kiran
     
    krasquinha, Feb 13, 2013
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  16. chequesuraj

    chequesuraj Member

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    Thanks Shabbir...

    Nicely explained in Chart...
     
    chequesuraj, Feb 13, 2013
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  17. shabbir

    shabbir Administrator Staff Member

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    Not now because it is still in the down leg. You can buy in the leg up before the breakout for an anticipated breakout pattern or can buy after the breakout as well. Depends on your Risk taking ability.

    The pleasure is all mine.
     
    shabbir, Feb 13, 2013
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