"Bullish on AMARA RAJA ENERGY – Price Retesting Key Support Zone

#AMARAJARAJA, #EnergyStocks, #Bullish, #BreakoutRetest, #TechnicalAnalysis, #NSE

ARE&M Amara Raja Energy & Mobility Ltd (AMARAJARAJA) is currently retesting a key Support zone around ₹950,

After a solid upward move, the price is pulling back in a healthy manner, forming a textbook bullish retest pattern. This setup often precedes a continuation of the prevailing trend.

Why I'm Bullish:
🔹 Price retesting former resistance turned support at ₹950
🔹 Bullish market structure remains intact
🔹 Monthly bullish pin bar candle
🔹 Volume tapering on pullback – a bullish sign of consolidation

Key Levels:
🔹 Support (Retest Zone): ₹950
🔹 Major Resistance / Target: ₹1770

⚠️ Disclaimer:
This idea is for educational purposes only and does not constitute financial advice. Please do your own research and consult a qualified advisor before making any trading or investment decisions.