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Amara Raja Batteries Limited (AMARAJABAT)
AMARAJABAT has been trading in a prolonged consolidation phase for last four years. It has recently tested the lower band of that range and rebounding sharply since then. Indications are in the favor of further surge in near future. We advise creating fresh longs in the given range.
Buy Amara Raja Batteries Ltd @ 740-750 Stoploss 725 Target 800 CMP 755.10
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