JAMNAAUTO trade ideas
symmetrical triangle short term opportunity for upsidesymmetrical triangle short term opportunity for upside
Chart of the week. Jamna Auto This stock again is from Auto index as I am very bullish on this sector. Jamna Auto gave breakout on Nov 21 and entered the blue sky territory above 100. Since last 6 months the stock was trading in range, tested its all time high several times and gave breakout last week. This week, it has managed to sustain above it resistance of 121 therefore caught my attention. Once can observe the stock is in clear up trend and when Nifty and Bank Nifty are consolidating, Jamna auto has managed to give breakout. This shows the strength in the charts.
CMP - 129 W
Target - 163, 190, 206 W
SL - 118 W
View - Medium term.
JAMNA AUTO - BEARISH HARMONIC PATTERN - GOOD ENTRY !Bearish Harmonic Pattern Established, possible targets mentioned in the chart
Disclaimer - This is not a buy or sell advice. I am sharing what I see on the chat & what I am trading, based on my own knowledge & understanding. Please consult your financial advisor before taking any bets in the stock market. I will not be responsible for any profit/loss you incur on your trades based on my published ideas.
JAMNAAUTO NSE BULLISHVIEW ABOVE 125 CMP 129JAMNAAUTO NSE is Bullish if 125 holds. New LifeTime High. Positive Trend. Fresh BreakOut.
Disclaimer: Educational Purpose Only. Not Buy/Sell Reco. Not Sebi Registered.
Classic Chart Pattern.Broadening Triangle Pattern, technical chart pattern depicting a widening channel of high and low levels of support and resistance, this formations indicate increasing price volatility.
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!
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!
JamnaAuto BreakoutJamnAuto looks good for swing trade (only for educational purpose)
(I won't be responsible for your profit or loss.)
JAMNAAUTO NSE BULLISHVIEW ABOVE 115 CMP 121JAMNAAUTO NSE is bullish if 115 holds. New 52 Week High. Fresh Breakout. Positive Trend.
**** Educational Purpose Only. Not Buy/Sell Recommendations.
JAMNAAUTO 13-01-2022The stock has recently given a multi-year breakout and has successfully re-tested it as well. It has also gained a significant momentum post re-test. Definitely a stock to hold for long term with a strict stop loss of 95 rs per share. Targets are open till 180 if you stay invested for more than an year.
CMP : 112.20
Stop Loss : 95
Target (long term) : 180
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Jamna Auto - Rounding bottomJamna auto has formed a rounding bottom over 3-4 yrs of duration.
Breaking above 105 will be good for upside movement.
Jamna Auto - Peeking out of a Long Rounding BottomJamna Auto - After a good consolidation, the stock looking to come out of 3 year rounding bottom. A potenital doubler from here. Need to hold 80-85.
DISC: Not a SEBI Regd. I post charts for my own study.
JAMNA AUTO WEEKLY CHART Rounding bottom pattern , breakout will be above 102 . TGT 170-175 IN six months
Jamna AutoAuto Financial and Banking stocks rally given hint to us About New highs on index
Just prepair for that and accumulate good stocks for better returns
Jamna looks good for 10-15% returns from here
or roughly tgts is 90-92
go with strict SL 70
Note - Take advise of your financial advisor before taking any kind of entry exit
