JAMNA AUTO INDUSTRIES LTD.
Long
Updated

Jamna Auto - Retest complete. Blue Sky after 150.

212
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.
Note
If price falls below 120, analysis is void.
Note
Stock gave fake out and then came down. Hovering around 128-127. Lets see next week.
Note
It is wasting time around these 125-126 levels. Once it gives a weekly closing above 150, that is when it will start becoming an interesting stock. Till that time.. boring wait continues.

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