JAMNAAUTO trade ideas
JAMNA AUTO ..buyjamna auto ...superbly running with lower trade line support..buy above 89.7 ya 15 min candle closing above 89 level..sl trade line support...target ath..102.95....closing above 103+ new multibagger journey begins..short term target is so simple almost 15%...
JAMNA AUTOit's gap up opening in previous week is very interesting on weekly chart & in this week it's came to the gap zone for retest (seen on daily chart). so we can expect a good up move in coming weeks.
Entry= 80, SL= 77, T1=100, T2=150
Wait for the handle breakoutResults came in today, many short term traders booked profits.
Keep eye on the handle breakout (decisive closing above 81-82)
Cup and handle pattern formation in monthly time frame.
For momentum traders:
Buy above 82 for 100+ target.
From investors perspective:
This is a pure investment counter, look for 1-2 year hold.
You will be rewarded equally.
Huge growth expected. (200% to 300%)
For two consecutive quarters Diis and Fiis increasing stakes in the company.
Bullish on Jamna AutoGiven a cup and handle breakout which is technically bullish. Good volumes are seen. MACD is also showing bullish strength.
Jamna Auto Breakout - 23/05/2021Breakout with very good volumes.
Buy at CMP and upto 74 levels.
Stop Loss at 68.
Target 85/92++
Jamna Auto - Up Flag on Weekly ChartJamna Auto was in a consolidation of 3.5 months. This consolidation was preceded by an impressive rally. The price gave an upward breakout to the consolidation on a weekly chart and closed at Rs.77.45 on Friday 21st May 2021. The breakout has huge volume support. I anticipate the price target of Rs.97 and the time frame of around 3 months to achieve the price target. I suggest the stop loss at Rs.71. The risk-reward ratio is little more than 1:3. The upside potential is 24% at the CMP. The stop loss level should be maintained at Rs.71 for the first four weekly candles after the breakout weekly candle. Thereafter, the profit booking/ exit decision should be taken on achievement of price target or downward crossover of 26 EMA by 5 EMA whichever happens earlier.
NOTE: This idea is an attempt to predict the future price movement. Investment decision based on this idea, if any, shall be at the sole risk of the investor.
Jamna auto industries near breakout Im not a pro.. Just trying to read chart if.. Im wrong please show me..
TREND LINE PATTERN ANALYSIS 15.03.2021BUY 74 TO 71
TARGET 77 to 102
Reason For Buying This Script :
It is forming trend line & channel line formation. Now it is in bottom of the of channel line. So we can go for buy.
Once it cross 77 and Close above 77 in day candle means Next target up to 102.
If price reached 102 means kindly exit in this script. Because it is in all time high & it may form as double top formation. So be careful .
Note:
Above given levels are based on Weekly & monthly time frame it will take some day to achieve the target . So be patience.
ALL THE BEST..
Jamna Auto Harmonic bearish Reversal Jamna Auto in the daily chart showing a bearish reversal as per Harmonic Cypher Pattern.
Strategy:
One can enter a short trade at or below 57 ( Fibonacci 0.786 level) with a Stoploss of 65. The exit may be planned at 31 marks.
Risk Reward ratio -: 1:2.5
