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JBM AUTO LTD
Long

SWING IDEA - JBMA

By thepranam
Updated
MACD is going to cross pretty soon in the coming days.
Once Cross is done, should open new entry levels for next leg up.
Good chance the stock can easily retouch its Swing High.
Try to take entries only after MACD Cross completes successfully.
Stock's fundamentals looks promising too.
Comment
MACD Cross is still very strong and intact despite the Election Poll crashing most stocks this week. Stock still looks very promising. Could hit the TP sooner than expected.

Currently at 7% profits from entry.

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Comment
Positive News:

India's JBM Auto rises after unit signs e-bus deal. Signs agreement with MUON India, a Macquarie Group firm, for over 2,000 e-buses over next couple of years.

More than 623,000 shares traded by 03:08 p.m. IST, 1.3x times their 30-day avg
Trade active
Stock gave us an good Entry again this week.
MACD is also getting closer now.
Expect the Stock to start its upward momentum once the MACD Crossover is confirmed.
Might happen this week mostly.
Fingers crossed.

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MACD crossover has still not happened unfortunately. Let's hope the crossover happens in the next week and stock starts to rally.
Comment
We are steadily going up now. Should hit our Targets in the coming weeks.

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Maximum of 15% Profits done so far.
Keep a close eye.

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Unfortunately looks like a minor resistance seems to be forming.
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Achieved max Profits 15% so far. But back to our Entry Zone again.

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Trade closed manually
Achieved Max Profits of 15%. Unfortunately, we are at our Stop Loss now. Better to exit as it could possible go down further.
Chart PatternsFundamental Analysisfundamental-analysismacdcrossmacdcrossoverTrend Analysis

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