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JAMNAAUTO

Jamna Auto: Will It Break the 100-Day EMA Support?Technical Analysis of Jamna Auto: Jamna Auto is currently trading above its 100-Day EMA (Green), but uncertainty looms over whether this support level will hold. The weekly chart shows an increase in seller momentum, raising the likelihood of a downside move. Should the stock break and close below the first support level or even the 100-Day EMA on the weekly chart, it could drop to its strongest support range that sits between 92 and 95 with minor support at 105. It is important to note, since January 2024, there has been a noticeable spike in volume, but it remains unclear whether this surge will push the stock higher or if it will succumb to selling pressure. Despite these challenges, the stock's outlook remains positive. However, it is prudent to take a wait-and-see approach to observe how this stock behaves in the coming weeks. Potential Risk: The primary risk to the stock's upward trajectory is the possibility of a broader market correction, particularly influenced by uncertainty in the Index. Disclaimer: This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements. =============================== News & Key Developments Recent news highlights Jamna Auto Industries Limited’s subsidiary, JBM ECOLIFE Mobility, securing $100 million in funding from the Asian Development Bank and Asian Infrastructure Investment Bank to supply and operate electric buses across Indian states. The funding secured by JBM ECOLIFE Mobility may positively impact Jamna Auto Industries Limited’s stock price, as it demonstrates the company’s commitment to electric mobility and its ability to secure significant investments. However, the overall impact on the stock price will depend on various market and industry factors, including the company’s financial performance and competitive landscape. Key Developments Secured USD 100 million strategic funding from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) in September 2024 to accelerate electric bus deployment across India. Has already deployed 200 air-conditioned Ecolife e-buses in cities like Berhampur, Bhubaneswar, and Cuttack, equipped with modern safety and convenience features and powered by fast-charging lithium-ion batteries. Expansion Plans Will utilize the funding from ADB and AIIB to supply and operate electric buses under the Gross Cost Contract (GCC) model in multiple states across India in a phased manner. Aims to promote sustainable public transportation and support India’s Net Zero 2070 target. Note: This is not financial advice.
NSE:JAMNAAUTO
by sandeepbalachandran
Will Motherson Wiring (MSUMI) ride with other auto ancillaries?After NiftyAuto n its stocks saw nice momentum, now with good results in Auto proxy Ancillaries sector, stocks are also performing: Balkrishna Ind, Amara raja, Exide, Uno Minda, JBM Auto, Lumax, Rico auto showing good demand. Now come to MSUMI analysis, why it can give returns? FA: -First of all decent growing QoQ, YoY and overall FY24 growth results for the company. -ROE: 42.4% (highest among top leaders and ROCE: 48% -Debt to equity : 0.15 (low) TA: -DTL BO Anticipation (Down Trend Line Breakout), tested trend line(TL) 6 times. -HLs -VCP in action -Green vol > Red Vol (only concern can be big supply on 17/may but it can taken as final flushing of supplier from TL resistance, if now tested can break easily) -Shakeouts are there (kicking out weak players) -Tight closes with low vol Overall loving the setup if possible will take cheat entry (Cheat : early entry from small base before BO in anticipation of BO)
NSE:MSUMILong
by takmanish007
Jamna auto triangular breakout with volumeAuto Ancillaries sector looking good in weekly timeframe. Smallcap : BANCOINDIA, FIEMIND, SHARDAMOTR, RBL, LUMAXTECH, JAMNAAUTO Midcap : SHRIPISTON, SANSERA, ARE&M, ROLEXRINGS, SUPRAJIT Largecap : SONACOMS, UNOMINDA, TIINDIA Jamna auto made a stellar breakout with volume on Feb 26. It's evident on Mar 11, despite selling, buyers pushed the stock leaving long lower wick showing bullishness. Height of the triangle and Fib retracement gives the target as 161. Pivot R3 also points to 161. Strong resistance at 161. Disclaimer: Do your due diligence.
NSE:JAMNAAUTOLong
by naraykln
JAMNAAUTO - Bullish Swing Reversal with VolumesNSE: JAMNAAUTO is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 15% to 21% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:JAMNAAUTOLong
by BrahmaBull31
JAMNAAUTO | Swing Trade📊 Details Incorporated in 1954, Jamna Auto Industries Limited is a suspension manufacturer and supplier for all segments of commercial vehicles Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:JAMNAAUTOLong
by Munish_Jain
Jamna Auto Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula: - Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since January 2022, NSE:JAMNAAUTO has given a breakout on 29th June. Buy with a stop just below Rs.117. Strengths: - 1. TTM Sales growth is at 59% and TTM Profit growth is at 92%. 2. 10 year and 5 year average ROE more than 15%. 3. Debt to equity at 0.28 (less than 1 is good), Interest Coverage at 69.6 (greater than 3 is good) 4. Dividend yield at 0.38% (consistent dividend payer since 2011) 5. Credit rating agency ICRA has reaffirmed the ratings of the company on April 2022 (please go through the credit rating report for better understanding) 6. DII's increased stake from 5.2% in June 2020 to 13.55% in March 2022 7. ADX > 30 on daily chart Weaknesses: - 1. Pledged percentage 3.80 % 2. Stock is trading at 7.49 times its book value 3. The company has delivered a poor sales growth of 5.86% over the past five years 4. Debtor days have increased from 35.36 to 61.31 days 5. Borrowings increased to 191Cr in March 2022 from 11Cr in March 2021 6. FII's stake decreased from 7.37% in June 2021 to 5.55% in March 2022 Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:JAMNAAUTOLong
by akashbothra
JAMNA AUTO NEARING MULTI MONTH BREAKOUTThe stocks is seen showing V shaped recovery .It looks attractive after a weekly closing above 102 .We dont have as such targets for the upside but using the fibonacci extension i have marked few levels which could be considered as the forth coming targets.There is another possibility that the stock takes a bit of reversal and forms a cup with handle,Hence if the breakout happens one must maintain strict stoploss and ride on with the stock
NSE:JAMNAAUTOLong
by gunechadeep