Amara Raja Batteries [2hr Timeframe]
Keep it on your watchlist. Both the monthly and weekly timeframes are gaining strength. The daily is close to maxed out. It might therefore correct itself before giving a definitive move!
Also keep the current Covid scenario in mind. Market might move sideways or even dip depending on the situation. No trendline or support line will work in such a case!
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
Happy Trading!
PS: I use a different indicator to understand the overall strength in a given script. Helps me understand and gain insights on the potential momentum of a stock.
Also keep the current Covid scenario in mind. Market might move sideways or even dip depending on the situation. No trendline or support line will work in such a case!
======
This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
Happy Trading!
PS: I use a different indicator to understand the overall strength in a given script. Helps me understand and gain insights on the potential momentum of a stock.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.