AMARA RAJA BATTERIES BULLISH Time Horizon : 0-3 Months Buy in the Range of Rs.294-302 ::Angel Broking

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SCRIP NAME : AMARA RAJA BATTERIES                                       SECTOR  : Auto Ancillaries                                                        Date : 23^rd May, 2012.

CURRENT TREND : BULLISH                 Time Horizon : 0-3 Months         Buy in the Range of  Rs.294-302              Stop loss Rs.279 (ON CLOSING BASIS )

TARGET: Rs.336

SUPPORTING TECHNICAL COMMENTS

AMARA RAJA BATTERIES Rs.301 : The Stock has Gapped-up (288.4-290.35) on 25th May,2012 which has given a triangle break-out and this stock is near all time high of Rs.323.95 and chances of this crossing then 336 & 350 can be possible targets for the stock. AMARA RAJA BATTERIES trades above all major averages precisely, 20DMA Rs.286, 100DMA Rs.268 and 200DMA Rs.242.This outperforming stock will continue to move high.

Thanks & Regards

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