Technical Target For Amara Raja Energy & Mobility Ltd (ARE&M)

Amara Raja Energy & Mobility Ltd‘s stock price is currently trading at 968 as of April 17, 2024, 08:38 PM IST. Currently, this is showing a good technical pattern.

If you check the chart in the image below, you will see that stock did breakout at 800 levels and confirmed the breakout at 850 levels. This is an ideal cup with handle pattern. According to the Cup With Handle Pattern, we get the target of 1150 levels.

The chart in the image above depicts the full picture of breakout, confirmation, and target levels.

The above chart pattern will be invalidated if it closes below 720.