JAMNAAUTO
Breakout in JAMNAAUTODisclaimer :- This is not any buy or sell recommendation. This is just my view on this counter. Thank You !
There is a kind of inverted head & shoulder pattern breakout generated in JAMNAAUTO on weekly chart.
Next levels as below :-
First Target :- 78.00
Second Target :- 85.00
Stop Loss :- Below 65 on closing basis.
Automobile Sector - Leading and Outperforming Companies (3)As per the Auto Index chart, it is consolidating in a downward diagonal channel, but there are companies in auto sector, (industrywise) which may outperform due to their strong fundamentals.
In Automobile Sector - Leading Companies Industrywise
1. AshokLeyland (Commercial Vehicle)
2. Jamna Auto/Automotive Axles (Auto Ancillaries)
3. VSTTractors/ Escorts (Tractors)
4. Maruti (Cars)
5. Eicher Motors /Hero Motorcorp (Motorcycles)
They above listed have consistent profits, good growth and almost no debt.