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jamna auto looks bullish in medium term
JAMNA AUTO IND LTD
Long
jamna auto looks bullish in medium term
By ParamjitMahapatro
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Updated
Nov 17, 2017
4
Oct 29, 2017
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.
Nov 17, 2017
Trade active
hidden bullish divergence seen here
Dec 8, 2017
Trade active
ascending triangle forming here,
look for breakout
Dec 16, 2017
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breakout with good volume, from ascending triangle pattern, pattern tgt - 77
Dec 22, 2017
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cmp - 77.15, ascending triangle pattern tgt achieved here
Dec 28, 2017
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moving up as expected, cmp - 81.4
Jan 6, 2018
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till now 83.15
Jun 10, 2018
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till now 89.15, in weekly price at horizontal support and uptrend is still intact.
breakout
breakouttrading
Bullish Patterns
Trend Analysis
uptrend
ParamjitMahapatro
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