ParamjitMahapatro

jamna auto looks bullish in medium term

做多
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.

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

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