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AMARA RAJA BATTERIES
Recommendation: Buy
Last Close: Rs 724.45
Initiation range: Rs 715-720
Target: Rs 760
Stop loss: Rs 695
Amara Raja Batteries has been trading with a corrective bias for the last eight months and recently tested the major support zone around Rs 690 levels. The oversold positions combined with the existence of strong support around current levels indicate the possibility of a sharp rebound ahead. Traders shouldn’t miss this opportunity and create fresh longs in the mentioned zone.
CUMMINS INDIA
Recommendation: Buy
Last Close: Rs 909.70
Initiation range: Rs 905-910
Target: Rs 980
Stop loss: Rs 875
Cummins India witnessed a breakout from a Cup and Handle pattern on August 3,
