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.
CMP - 129 W
Target - 163, 190, 206 W
SL - 118 W
View - Medium term.