AMARA RAJA BATTERIES & ENERGY LTD
Open—966.90--High---971.90---Low—961.20--Close---966.80 on
14.11.2025.
All-Time High:-1775.95 made on 26.6.2024.
All-Time Low:-2.80 made in 1996.
Recent Low:-832.30 made on 7.4.2025.
Support:951.55/918.40/908.90/932.30/737.30/728.50/674/599/546.
Resistance:968/990.35/1000/1023/1025.55/1057.85/1079.70/1094/1109/1118.95/1128/1173.25/1204.40/1218.85/1242/1278/1321/1360/1404/1422/1444/1458.55/1538.60/1610/1639/1696.75/1745/1745.75.
(Bold and underlined figures are most important).
The overall technical setup looks weak as of now, after hitting an all-time high of 1775.95 on 26.6.2024, it made a bottom of 832.30 on 7.4.2025, it is still in correction mode and now consolidating in a range of 1119-----908 since 21.1.2025, please note that if it moves above 1000 and sustain on the closing basis then it will gain some strength for extending the up-move, if it moves above 1055 and sustain on the closing basis then up-move is likely to extend further and finally if it moves above 1119 and sustain on the closing basis then it may get back into strong up-momentum track and then the broad upside target or resistance points could be 1193---1304—1416---1554---1588(for in between resistance points see the resistance table on the upside) it may correct at any of these points and then may resume the up-move again or it may halt the up-move and move sideways for a while, but if it moves above 1588 and sustain on the closing basis then it could retest its all-time high of 1775.95 or may go beyond it also.
It is important to mention here that although it is in correction mode and consolidating in a range but it has strong support in the range of 945---927---908 and it may bounce back from this range, but sustained break below this range on the closing basis can drag it down to the range of 832---737 or lower, but as of now it seems that it may not break this range. However the worst price for the stock seems to be in the range of 650—560 as of now, but it has to be reviewed from time to time.
Since it is very close to its strong support range of 945---927---908 a token quantity can be
bought now or on decline but not below 908
with a stop loss of 895 so that you
can track the stock regularly. Please note that one can add on the quantity
only once it moves above 1000 & 1055
and sustain on the closing basis with appropriate stop loss.
IMPORTANT: DO NOT TRADE OR INVEST WITHOUT STOP LOSS.
NOTE: - It is a technical assessment of the stock as of now, the
technical interpretation changes with the price movement and time, therefore it
has to be reviewed at regular intervals, furthermore investors are advised to look into
fundamental, financial details of the company because that too keeps on
changing and last but not the least management perception for the future of the
company before taking investment decision.
Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. This is for educational purpose.
Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.
Note: Price stated here are of spot market.
Contact me for strategic guidance to enter and exit trade.
Thanks
Narendra Kumar Surana
Mobile—8240951127/9831313654.
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Thank you for sharing your views.