JBM Auto , a leading manufacturer of auto components and systems, is showing promising technical indicators for a potential swing trade. Reasons are listed below : Strong Support at 1700 : The 1700 level has proven to be a robust support zone, indicating strong buying interest and a solid base for potential upward movement. 'W' Pattern Formation : The stock...
Trade Setup: - Action: Go Long (Buy) - Entry Point: Above 2142.60 - This is the trigger point for initiating a long position, indicating that the price needs to break above this level to confirm the bullish setup. Key Levels: - Fibonacci Resistance Level: 2136.75 - This is a critical level derived from Fibonacci retracement or extension tools, suggesting a...
NSE:JBMA JBM Auto Ltd is an automotive company engaged in the manufacturing and sale of sheet metal components, tools, dies & moulds, and buses, including spare parts and maintenance contracts. 🚗💡🔧🚌 The Auto Components Segment: 🚘 Manufactures auto systems and high-level assemblies such as chassis & suspension systems, aesthetical parts, and BIW...
breakout with high volume, can move upto 10%, keep stoploss and trade
The price has broken out from its consolidation area and has now picked up an upward movement. One can buy JBMA above 504 for a price target of 554 with a stop loss of 478 The views presented are of the author and is for educational purpose only. Kindly consult your financial advisor before investing.
Jbm auto breakout on daily chart time frame best buy range 480 490 target possible 500 520+++ Stoploss 466