#AMARAJARAJA, #EnergyStocks, #Bullish, #BreakoutRetest, #TechnicalAnalysis, #NSE
ARE&M
Amara Raja Energy & Mobility Ltd (AMARAJARAJA) is currently retesting a key Support zone around ₹950,
After a solid upward move, the price is pulling back in a healthy manner, forming a textbook bullish retest pattern. This setup often precedes a continuation of the prevailing trend.
Why I'm Bullish:
🔹 Price retesting former resistance turned support at ₹950
🔹 Bullish market structure remains intact
🔹 Monthly bullish pin bar candle
🔹 Volume tapering on pullback – a bullish sign of consolidation
Key Levels:
🔹 Support (Retest Zone): ₹950
🔹 Major Resistance / Target: ₹1775.95
⚠️ Disclaimer:
This idea is for educational purposes only and does not constitute financial advice. Please do your own research and consult a qualified advisor before making any trading or investment decisions.
ARE&M
Amara Raja Energy & Mobility Ltd (AMARAJARAJA) is currently retesting a key Support zone around ₹950,
After a solid upward move, the price is pulling back in a healthy manner, forming a textbook bullish retest pattern. This setup often precedes a continuation of the prevailing trend.
Why I'm Bullish:
🔹 Price retesting former resistance turned support at ₹950
🔹 Bullish market structure remains intact
🔹 Monthly bullish pin bar candle
🔹 Volume tapering on pullback – a bullish sign of consolidation
Key Levels:
🔹 Support (Retest Zone): ₹950
🔹 Major Resistance / Target: ₹1775.95
⚠️ Disclaimer:
This idea is for educational purposes only and does not constitute financial advice. Please do your own research and consult a qualified advisor before making any trading or investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.