Amara Raja Batteries Ltd
CMP-822
Recommendation- Sell
Below 800, the stock will slide down below 700 which is its 200 DMA on weekly chart.
The stock does not seem like going above 950 and likely touch lower level as given only.
In monthly chart you can clearly see, how the stock has been moving within a narrow range of 800 and 1050 in the last 2 years which were very volatile for the entire stock market.
A daily chart is given here for you...
