Jamna Auto - After a good consolidation, the stock looking to come out of 3 year rounding bottom. A potenital doubler from here. Need to hold 80-85. DISC: Not a SEBI Regd. I post charts for my own study.
Rounding bottom pattern , breakout will be above 102 . TGT 170-175 IN six months
breakout with high volume moving averages converging RSI MACD both positive
Auto Financial and Banking stocks rally given hint to us About New highs on index Just prepair for that and accumulate good stocks for better returns Jamna looks good for 10-15% returns from here or roughly tgts is 90-92 go with strict SL 70 Note - Take advise of your financial advisor before taking any kind of entry exit
#JAMNAAUTO 1D BREAKOUT with volumes Previous resistance is now Support Buy according to your system 88/98++ in 3-4 weeks Negated if close below Support #CHARTVIEW
The Jamna Auto stock broke out from a 4 month long sideways consolidation with big volumes and closed at a 2+ year weekly high. The up move should continue in the short to medium term as long as the weekly closing is above 72 (shown on the chart as the blue resistance trendline) Resistances: The 85-95 region will act as a broad resistance area for this stock...
always learn first. don't rely on someone else's work.
Jamna Auto A close above 74 will open targets of 91 and 103 Already invested. I Will add more here. Disc. : Consult ur financial advisor
Clean example of BoB missed the first two red lines got in today with another entry
Education purpose...an individual view Short term target1: 56 target2: 63 Mid term target3: 80 Strong support at 40 Only for education purpose ...not an advice or suggestion.
reason :- 1)down trendline breakout' 2)head and shoulder formation with high volume 3)small accumulation at the neckline before breakout 4)price above all major moving averages