JAMNA AUTO IND LTD
Long
Updated

JAMNAUTO forming a rounding bottom

1 195
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.
Note
JAMNA Auto has given 8% return from entry @127
Note
127 Holds as Strong Support
Note
Near 134 now, the market has showings strong bullish uptrend after a brief correction. 1st TGT @144-150
Trade active
A Strong Up move 6% from Support of 127
Hold
Trade active
HOLD 127 with SL 122
Trade closed: stop reached

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