Jamna Auto Opportunity - With High Trade & Delivery Volumes, Outperforming Index
The stock is at its Resistance of 38.5 which is also the top border of the "Parallel Channel". One cannot rule out the possibility of the stock again falling back into the channel. A Golden Cross may be seen in the coming days after which the stock would gain further momentum. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal...
JAMNA AUTO broke Weekly resistance line on weekly basis in the last week, This week it is going to close above previous candle high. Chart explains remaining
Profit booking is come not stay at top level it will come down to 35 to 29. If volume stay at few trading session and price stay at 33 above than it may rise to 37
JAMNA AUTO has formed a double bottom on daily charts. it may retrace to recent peak of 35 levels. i.e 10% upside from current levels.
Today it tried to break 200DMA with volume, but failed. there is a chance for it to break on monday. Soon there is a cross over for 200DMA with trend line. stock has tried multiple time to cross 200DMA. it is already bottomed out, Accumulate on every 10% DIP. From Q1, FY20-21 i.e Apr-2020, we can see sales volume growth in auto sector. JAMNA Is domestic market...
Flag Breakout on Daily. Buy Range - 262-267 Target - 298 CBSL - 253 Risk Reward - 1:3
Classic Long breakout of a range with confirmation and good volumes. Can go long with stop loss of 175.