Amara Raja Moving Out of The Compression Zone

Amar Raja Battery.

This stock has been in an uptrend since the starting of April last year.

It has made the 6 year low of 348.55 last year since then it has been in a strong uptrend. The high volumes are confirming the strong buying in the stock. For the last few weeks, it was in a compression phase. Yesterday we have seen the big buying in the stock with high volumes this is the indication of the breakout of the zone. Today, the price moved out from the compression phase with high volumes. Today's breakout will confirm the trend continuation.

The next hurdle it will face at or around 1100.