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
Jamna Auto Industries Limited is engaged in providing automotive suspension solutions for commercial vehicles. The Company is engaged in the business of manufacturing and selling of parabolic and tapered leaf springs. The Company's products include Suspension Products, including Rear Air Suspension-Cow Horn Style; Lift Axle-Steerable/Non Steerable, and Bogie Suspension-Tandem Axle; Multileaf Springs, and Parabolic Springs. The Company's Rear Air Suspension-Cow Horn Style features include upper v-link for lateral positioning, manageable axle thrust and pinion angle, and is designed to be serviceable using common tools. Its Lift Axle-Steerable/Non Steerable features include auto load sensing system; lift over ride in cab; steer lock system, and reverse caster shocks. Its manufacturing plants are located in various areas, including Yamuna Nagar, Haryana; Bhind, Madhya Pradesh; Kharsawan, Jharkhand; Krishnagiri, Tamil Nadu; Pune, Maharashtra, and Sriperumbudur, Tamil Nadu.
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JAMNAAUTO
