JAMNAAUTO trade ideas
JAMNA AUTO--accumulateLooking good in chart at one of the good support zone , accumulate for good returns. Company is currently supplying springs to aftermarkets in over 15 countries. Looking to add ~40 new countries. ~800 number of existing part numbers for export. client -Ashok Leyland, Force, Fuso, GM, Bharat Benz, Isuzu, Mahindra, Renault Nissan, Scania, SML Isuzu, Escorts, Tata Motors, UD Trucks, Volvo, etc. major aim --1. Increase contribution from new products from 47% in FY24 to 50%
2. Increase contribution from new markets from 21% in FY24 to 50%
3. Increase ROCE and dividend payouts to 50%
Momentum stocks analysis for 18-Sep-2024Hello Friends,
I follow momentum investing in which I find where big money is coming and share prices breaking from resistances of some base .
Yesterday, I found ace construction is giving good momentum with volume
2.Gravita is already flying but can track to get good place for entry.
3.PB fintech is also moving with good volume and RSI is above 60
Thanks
SWING IDEA - JAMNA AUTOJamna Auto Industries Limited , a key player in the automotive sector, is showing promising technical signals for a potential swing trade opportunity.
Reasons are listed below :
Jamna Auto's chart displays a bullish cup and handle pattern breakout, indicating a reversal in the trend.
A bullish engulfing candle on the weekly timeframe signals a potential uptrend reversal.
Trading comfortably above the 50 and 200 EMAs on the weekly timeframe suggests strong bullish momentum.
Breaking out of a consolidation range spanning over two years indicates a shift to a trending market.
Approaching a new all-time high suggests further upward potential.
A sudden surge in trading volumes accompanies the recent price movement, indicating growing market interest.
Target - 150/160
StopLoss - weekly close below 114
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@visionary.growth.insights
Jamna Auto - Retest complete. Blue Sky after 150.Stock has been in long consolidation. Finally gave an upmove today. If it closes above 140, uptrend may continue further. If it crosses 150, then next target to watch out for will be 200, 280, 320 in months to come.
Stock has decent fundamentals. Let's see how this fares. Please dont trade based on my analysis. I am still learning.
Jamna Auto- Trade PlanJAMNA AUTO:
Trading near Support. (Bottom of the Long term Channel)
In my opinion this counter may give potential gain over time.
I will definitely take position in this counter when price trigger 113.
Checkout my Post on Channel trading from below Link.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by Me.
Hidden gem stock have huge potential Stock have huge potential this time stove on all time high earnings also at all time high fundamentals are also good stock have huge potential minimum 50% targets for me stoploss is dma 212 or if you have potions with 1 percent of ur cap no stoploss requires
Time duration 1 months to 1 year
Jamna Auto (Swing):Jamna Auto (Swing):
Jamna is picking up with buy volumes and well set for a 50-60 % up move.
Appropriate demand zone, resistance and target zones are highlighted.
Keep adding between 108-115 with a SL around 98.
Trade offers a RR of more than 1:7.
Note: Do your own due diligence before taking any action.