AMARA RAJA BATTERIES (long term bet)

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 One can accumulate in dips till 520 odd levels.
Down trend consolidation (above 6 months ) period is about to end, any moment it can be in lime spot.

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NIFTY LEVELS 13050 - 13200

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  NIFTY  Nifty is facing resistance at 13217, NIFTY may be joining into distribution Zone. Now we need to buy in dips and sell on rising. We have seen some sort of profit booking at higher levels. We have trendline support, Nifty may test this level. keep an eye 13050 odd level. NIFTY 13200 RESISTANCE NIFTY 13050 SUPPORT Enable Ginger Cannot connect to Ginger Check your internet connection or reload the browser Disable in this text field Edit Edit in Ginger Edit in Ginger × Enable Ginger Cannot connect to Ginger Check your internet connection or reload the browser Disable in this text field Edit Edit in Ginger Edit in Ginger ×
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The inner meaning of the "DOUBLE BOTTOM"

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  What is the inner meaning of the double bottom? Whenever a stock comes to the support we look for buying opportunities. Here I am trying to explain the concept behind the double bottom. You have to be open-minded about the context, focus on the price instead of a pattern. If you observe the price alone, the stock started falling from the level “R”, i.e. said to be resistant. Now you need to find good support to buy. If you observe the price @ “1”, the stock is halting and taking a sort of up move called pullback. But we won't consider it as strong support. Why? Whenever the stock or market is falling we need strong evidence, to trade against the primary trend. Why should I not try to buy @ level “1”? The reason is so simple, whenever sellers start selling from higher levels, after some correction they might recover the stocks at a cheaper price, that might be the reason to first-time bounce. And the second reason is logic: when the first bounce is happening retailers will come to...
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Where sellers are waiting?

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  How to know where the sellers zone? Once of the best areas or zones to watch, where price is struggling to move upside and take the “U” turn. This is generally referred to be supply/resistance/sellers zone. All we need is to draw the zone of the left side wick and extend the zone to the right side. Now the extended zone can be considered as a supply zone. When the stock approaches this level, chances are sellers to get activated. In the above fig, if the wick was created by sellers, now we need to draw the entire wick and extend the zone to the right side. Sellers are getting activated, whenever the stock approaches the supply zone. Now all need a simple observation from the candlestick. There are multiple bearish engulfing candlestick formations. It’s clearly saying that the sellers are very strong. Now we can sell below the bearish engulfing candle, now the stop loss needs to keep above the supply zone. *Keeping stop loss is tricky, as the market approaches this resistance zone...
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