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JAMNAAUTO

SWING IDEA - JAMNA AUTOJamna Auto Industries Limited , a key player in the automotive sector, is showing promising technical signals for a potential swing trade opportunity. Reasons are listed below : Jamna Auto's chart displays a bullish cup and handle pattern breakout, indicating a reversal in the trend. A bullish engulfing candle on the weekly timeframe signals a potential uptrend reversal. Trading comfortably above the 50 and 200 EMAs on the weekly timeframe suggests strong bullish momentum. Breaking out of a consolidation range spanning over two years indicates a shift to a trending market. Approaching a new all-time high suggests further upward potential. A sudden surge in trading volumes accompanies the recent price movement, indicating growing market interest. Target - 150/160 StopLoss - weekly close below 114 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:JAMNAAUTOLong
by Visionary_Growth_Insights
5
JAMNA AUTO 1:10 RR SETUPNSE:JAMNAAUTO is consolidating in a rising channel pattern. I had posted about this scrip before a potential breakout, but it took one more rejection at the top and now price made a green candle at the channel support. Entry at this price could be a golden opportunity to go long and aim for 1:2 and if price breaks out, a potential 1:10 trade! Place a tight stop loss of 5% and hold. Since this a very low risk high reward setup, probability of this playing out is very less. There can be situation where price gives and fake breakdown hitting the sl and then move up, giving a breakout. Odds are more favorable after breakout at the expense of a lower risk reward. Position size accordingly. HAPPY TRADING!
NSE:JAMNAAUTOLong
by PriceActionSpotter
1
JAMNA AUTO SOON BREAKOUT 🎯180+NSE:JAMNAAUTO has been consolidating in a rising channel pattern throughout its entire uptrend for around 1.5 years. Price hasn't broken out from the channel. Expecting a breakout today or in the coming weeks. If price breaks out, enter at the close and place stop loss below below 112 and look for targets of 180 to 200. Keep stock in watchlist. Best to wait for the breakout instead of jumping in now as a breakdown can also happen. Position size accordingly after breakout. HAPPY TRADING!
NSE:JAMNAAUTOLong
by PriceActionSpotter
Jamna Auto - Weekly breakout after long consolidationThe Jamna Auto stock broke out from a 4 month long sideways consolidation with big volumes and closed at a 2+ year weekly high. The up move should continue in the short to medium term as long as the weekly closing is above 72 (shown on the chart as the blue resistance trendline) Resistances: The 85-95 region will act as a broad resistance area for this stock going forward. The red coloured resistance TL also falls between 85-95 currently. Target: For a short term trade, the 85-95 region is a reasonable target. A weekly close above 95 will take the stock to a new ATH and will lead to further significant upside. SL: Longs can be held with a WCB stop loss of 71-72.
NSE:JAMNAAUTOLong
by drupadk
JAMNA AUTO - Keep a close watchThe stock is at its Resistance of 38.5 which is also the top border of the "Parallel Channel". One cannot rule out the possibility of the stock again falling back into the channel. A Golden Cross may be seen in the coming days after which the stock would gain further momentum. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate the chart with a Like if you felt it deserves it and Following me would only add on to the confidence.
NSE:JAMNAAUTOLong
by CannySunny