ParamjitMahapatro

jamna auto looks bullish in medium term

Viés de alta
NSE:JAMNAAUTO   JAMNA AUTO IND
In weekly, it is in strong uptrend. also it closed above upper BB with high volume and BB is expanding.

In daily, price broke out of previous peak with high volume,

fundamental wise - it is making consistent profit, positive cash flow, valuation moderate, good ROE.

with an initial sl - 54, one can ride the uptrend here.

Trade ativo:
hidden bullish divergence seen here
Trade ativo:
ascending triangle forming here,
look for breakout
Trade ativo:
breakout with good volume, from ascending triangle pattern, pattern tgt - 77

Trade ativo:
cmp - 77.15, ascending triangle pattern tgt achieved here
Trade ativo:
moving up as expected, cmp - 81.4
Trade ativo:
till now 83.15
Trade ativo:
till now 89.15, in weekly price at horizontal support and uptrend is still intact.
Aviso legal

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