LONG More likely drop and raise is first expectation let's see the market
Buy JAMNA AUTO at 94 SL 90 (4 points risk) Target 102 (8 points reward)
It gave a Cup and Handle breakout and came back to retest which acted as a support, pushing the price up forming a higher bottom. Buy - 94 - 96 CBSL - 88 Target - 108 - 113
JAMNAAUTO can be longed with a stoploss of 76 for current level!! Price breakout plus CCI 100 break above 100!!
RSI near over bought zone, CCI is way high. If history is to be believed should be a good buy at 64-66 levels for long term.
CCI(D/W/M) >100 Target: 78 / 82 / 100 Duration 3-4 weeks SL 60 Volume support
In weekly, it is in strong uptrend. also it closed above upper BB with high volume and BB is expanding. In daily, price broke out of previous peak with high volume, fundamental wise - it is making consistent profit, positive cash flow, valuation moderate, good ROE. with an initial sl - 54, one can ride the uptrend here.
The stock has given a breakout with decent volumes two days back in the daily chart. Half positions can be entered at CMP and remaining in case there is a re-test of the breakout levels around 252 level. It is positional buy so stop loss is a bit steep at around 239.
Already have this in my portfolio with an average price of 155. Will add more at 181 levels and will add more if it reached 170 level for short term target of 187
Planning to add more at 181 levels for a target of 187 Already have this at an average price of 155.
Buy Jamna auto upto 150 with Sl around 127 for the targets around 200-205 (ft. XABCD pattern)