Technical Analysis Amara Raja Energy & Mobility

The stock

is trading around ₹932. The chart shows a long-term correction from the ₹1700+ peak followed by a prolonged consolidation. Recently the stock formed a base near ₹700–750 and has recovered strongly indicating improving buying interest. The short-term structure has turned positive but the stock is now approaching an important resistance zone. Support & Resistance immediate support is around ₹900–880 followed by ₹840–820. Holding ₹900 would keep the recent bullish momentum intact. On the upside ₹950–980 is the immediate resistance zone, while ₹1020–1050 is the next major hurdle. A sustained breakout above ₹980–1000 with strong volume could trigger a stronger upmove toward ₹1050–1100. Short-term view the setup is mildly bullish above ₹900. Fresh buyers should preferably wait for either a breakout above ₹980–1000 with volume or a healthy pullback toward support. A decisive close below ₹880 would weaken the setup and may lead to further consolidation. For Holders Hold as long as ₹880 remains protected and trail the stop-loss upward. For Fresh Buyers: Avoid aggressive buying near ₹950–980 resistance breakout confirmation or a dip toward support offers a better risk-reward opportunity.