Alhad

Stock on 'Auto' mode

Long
NSE:JBMA   JBM AUTO LTD
JBM Auto , a well known Buses manufacturer n supplier to major metro n tier 2 cities, also venturing into AC /Non AC Electric buses. As Demand grows for electric vehicles, electric buses can't lag behind. Also, the govt is pushing for electric mobility, company is on verge of growth path, which is reflected in charts too.
Chart is a classic Cup n Handle pattern which is preceeded by an UPTREND. Latest volume bar is almost 8x of 20 day avg volume , which is also 2 YEARLY HIGHEST daily volume .
All in all, a nice chart.

Disc – NO HOLDING, but Planning to add. Analysis for study purpose only.
Comment: Had a trade in thus in July 2021, and since then it's a 3X stock for me.
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