ParamjitMahapatro

jamna auto looks bullish in medium term

Pembelian
NSE:JAMNAAUTO   JAMNA AUTO IND
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.

Trade aktif:
hidden bullish divergence seen here
Trade aktif:
ascending triangle forming here,
look for breakout
Trade aktif:
breakout with good volume, from ascending triangle pattern, pattern tgt - 77

Trade aktif:
cmp - 77.15, ascending triangle pattern tgt achieved here
Trade aktif:
moving up as expected, cmp - 81.4
Trade aktif:
till now 83.15
Trade aktif:
till now 89.15, in weekly price at horizontal support and uptrend is still intact.
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