AMARJOTHI trade ideas
AMARJOTHI Consolidation & Range formationBSE:AMARJOTHI
Time Frame – Weekly
Observations :-
* Consolidation & Range formation going on in 145-225 zone
* Small range (145-175) breakout done
* Major & ATH Breakout above 249.95
* Promoters buying seen in last 3 Quarters stake increased from 55.24 to 57.66
* Promoters buying continue in this quarter also.
Resistance – 300 / 375 / 430
Support – 145 – 175 zone
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Amarjothi Spinning millsCMP - 174
SL - 140
Targets - 270, 346, 422
Stock is under consolidation since a year, expecting a good run from here
Amarjothi Spinning Mills CMP - 172
SL - 150
Targets - 192, 210+
Insider bought recently and stock is on the verge of BO and coming out of consolidation.
Only worry is low volume stock.
Fundamentals are good.
Swing Bull Stock pickAmrjothi Spinning Mills will 30% return in short term
But at cmp
Target 216
Stoploss 153
amarajothi spinning mills amarajothi jothi spinning was going to wedge pattern it was higher buying pressure and also touched in supply demand zone my coculation is next break out upper side in demand zone it s going to upside .. and also possible for re trace ment so pls wait and watch . if the break out candle it must get in verey good profit ...
AMARJOTHIAMARJOTHI: Looking Good
Rounding Bottom Breakout Sustaining Above/Closing 200
If fail to Sustaining Above 200 then will try to Create Cup & Handle Pattern
