012 OMAXAUTO Omax Autos Ltd Uptrend 65 and then next is 125

012 Omax Autos Ltd. Uptrend, 63.65 and then next is 125

OMAXAUTO
A name synonymous with performance, Omax Autos Limited is one of the leading manufacturers of Auto & Non-Auto components in India. For over three decades, OMAX Autos, with its robust engineering process capabilities, has made a significant presence in the automotive industry and today is among the top ten component manufactures in India. OMAX ventured as an approved supplier for the Indian Railways and holds expertise in manufacturing various railway products.


- Monthly
- Reversal pattern, Reverse head and Shoulder
- Close above 65 will be a great strategy to ride the up-trend
- the next target is at about 144
- From the OBV chart it is a breakout to the previous volume high at 53.10
- From CMO Chande Momentum oscillator the monthly momentum line is crossing 25 and its above 25, so likely to maintain the up-trend

Weekly
- The Big resistance at 65 level, Logically I shall wait till the candle closes above the 64 and then make a entry. Its a early entry for me
- IF we consider the breakout as invesrse head and shoulder the next target is at about 122 level.
- From Volume Chart this week is high volume inflow I am expecting it to continue for couple of weeks


I am in for the weekly uptrend . Will keep you updated.

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Thank You!!
Avinash Sawant
+91 9975415566