JAMNA broke trend lines, further downsideJAMNA has broken support trend line, broke support level of 40, next support can be seen at 35.
JAMNAAUTO trade ideas
#JamnaAuto #FlagPattern#jamna Auto, Flag Pattern, 200 DMA is a strong resistance. Break with Volume can see a good rally of 10-15%... Keep a watch
Short JAMNA AUTO Target 40We can see rejections from higher prices and more bearish candles in the last 4 sessions, it will probably reach to 40 levels from here otherwise it may raise to 50 then retrace 40 lelels.
keep on radar for 46.xxbouncing from the support.
dis:no recommendation, do due diligence before investing.
Seems that accumulation is going on around 40The stock is trading in a range between 40-42 in past few days with high delivery on 10 Dec @80%
In prolonged consolidation.Support may come at 57, resistance at 65, if it turns bullish, target will be 87 in intermediate term.
POSITIONAL-VIEW JAMNA AUTO FOR TGT 110+++POSITIONAL-VIEW
JAMNA AUTO
BUYING RANGE 82 TO 76
STOP-LOSS URS
TARGET 110 +++
JAMNA AUTO - Channel + Moving average personality JAMNA AUTO - Channel + Moving average personality
Levels mentioned on chart
Janma Auto - Wedge formationLong on a wedge breakout or around 78-80 levels where the demand zones would be in control.
Jamna Auto - LongIt 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 long build up JAMNAAUTO can be longed with a stoploss of 76 for current level!! Price breakout plus CCI 100 break above 100!!
