ParamjitMahapatro

jamna auto looks bullish in medium term

Long
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.

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

Transaction en cours:
cmp - 77.15, ascending triangle pattern tgt achieved here
Transaction en cours:
moving up as expected, cmp - 81.4
Transaction en cours:
till now 83.15
Transaction en cours:
till now 89.15, in weekly price at horizontal support and uptrend is still intact.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.