This Stock has been consolidating between 100 and 140 for 2.5 years now in a rounding bottom pattern, in daily Time frame it has stayed above 127 resistance. Breakout above 139-140 on daily/weekly close. Keep in watchlist. SL below 120.
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 :
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...
Stock have huge potential this time stove on all time high earnings also at all time high fundamentals are also good stock have huge potential minimum 50% targets for me stoploss is dma 212 or if you have potions with 1 percent of ur cap no stoploss requires
Time duration 1 months to 1 year
CHECK OUT JAMNA AUTO. WEEK BREAKOUT WITH HIGH VOLUMES !!!!!
1. 1ST-time stock didn't breakouts
2. 2nd time stock gives high-volume breakouts.
3. The fundamentals are good at this point !!!!!
Trendline Breakout in DTF.
Cup & Handle Pattern in Weekly Time frame.
Good for Short Term.
Target Swing high.
Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose only.
Jamna Auto 135 now, looks powerful on chart for med-long term view.
Do check with your financial advisor before taking any trade.
This is just a educational post for study how price action based stocks perform.
JAMNA AUTO:
Trading near Support. (Bottom of the Long term Channel)
In my opinion this counter may give potential gain over time.
I will definitely take position in this counter when price trigger 113.
Checkout my Post on Channel trading from below Link.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial,...
Jamna Auto (Swing):
Jamna is picking up with buy volumes and well set for a 50-60 % up move.
Appropriate demand zone, resistance and target zones are highlighted.
Keep adding between 108-115 with a SL around 98.
Trade offers a RR of more than 1:7.
Note: Do your own due diligence before taking any action.
Strong Support Stock!
Jamna Auto Industries Ltd #JAMNAAUTO
1- Low of 2022 tested 3 times
2- High Weekly Volume
3- Double Top Negated
Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
