Jamna Auto Industries Limited, a key player in the automotive sector, is showing promising technical signals for a potential swing trade opportunity.
Reasons are listed below :
Target - 150/160
StopLoss - weekly close below 114
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- Jamna Auto's chart displays a bullish cup and handle pattern breakout, indicating a reversal in the trend.
- A bullish engulfing candle on the weekly timeframe signals a potential uptrend reversal.
- Trading comfortably above the 50 and 200 EMAs on the weekly timeframe suggests strong bullish momentum.
- Breaking out of a consolidation range spanning over two years indicates a shift to a trending market.
- Approaching a new all-time high suggests further upward potential.
- A sudden surge in trading volumes accompanies the recent price movement, indicating growing market interest.
Target - 150/160
StopLoss - weekly close below 114
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Comment:
price made high of 7.3% from our buying price
Comment:
Price is ready to break the swing high
HOLD !
HOLD !
Comment:
Price made a new high of 8.6% ++ from our buying price.
Hold for targets.
Hold for targets.