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PriceActionSpotter

JAMNA AUTO SOON BREAKOUT 🎯180+

Long
JAMNA AUTO IND (NSE:JAMNAAUTO)  
PriceActionSpotter Updated   
NSE:JAMNAAUTO   JAMNA AUTO IND
Chart Patterns Parallel Channel Trend Lines JAMNAAUTO Ascending Channel multibagger breakout NIFTY
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chartpattern parallelchannel trendline jamnaauto ascendingchannel multibagger breakout nifty
JAMNAAUTO has been consolidating in a rising channel pattern throughout its entire uptrend for around 1.5 years.

Price hasn't broken out from the channel. Expecting a breakout today or in the coming weeks.

If price breaks out, enter at the close and place stop loss below below 112 and look for targets of 180 to 200.

Keep stock in watchlist. Best to wait for the breakout instead of jumping in now as a breakdown can also happen.

Position size accordingly after breakout. HAPPY TRADING!
Trade active:
Track closely. Breakout today. Wait for today's close and enter tomorrow.
Comment:
Price did not break out with good closing. Retraced back to channel and took support. Track closely and enter after a clear breakout.
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