Amara Raja Batteries Ltd is a fundamental sound stock which has got good amount of beating in last couple of weeks. Last week it took support around 750 and tried to bounce back but went down to 760 after coming back up at 788. On Wed 30 Aug, it made a good move up and its again came close to resistance.
It would be interesting to watch tomorrow (Aug 31) if its able to break the resistance between 785-790. If the stock breaks 790, It will resume its journey upward.
It would be interesting to watch tomorrow (Aug 31) if its able to break the resistance between 785-790. If the stock breaks 790, It will resume its journey upward.