📊 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.
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#JAMNAAUTO is looking very good on the weekly chart, It has broken out of the range with a good volume. One can buy around this price and add more if it pulls back.
Jamna auto cmp is 107
The stock made high of 100 in year 2017 and then made low of 21 durind covid crisis. Then again touch high of 130 plus levels and now trading at 105-107.
The stock is making cup and handle pattern, also big buying volumes have come around 100-110 levels, suggesting big move coming up for atleast 170 levels.
Then may go past 200 levels.
Over...
As shown in the chart, stock is consolidating in the range of Rs.110-94. Also a huge volume candle has appeared in this week, which suggest stock can change its trend once it comes out of this zone.
Stock after making ATH taken support at previous BO level multiple times, now again given huge BO on daily & weekly chart with massive volume, if sustain go as per chart.
