Jamna auto triangular breakout with volume
Auto Ancillaries sector looking good in weekly timeframe.
Smallcap :BANCOINDIA, FIEMIND, SHARDAMOTR, RBL, LUMAXTECH, JAMNAAUTO
Midcap :SHRIPISTON, SANSERA, ARE&M, ROLEXRINGS, SUPRAJIT
Largecap :SONACOMS, UNOMINDA, TIINDIA
Jamna auto made a stellar breakout with volume on Feb 26. It's evident on Mar 11, despite selling, buyers pushed the stock leaving long lower wick showing bullishness. Height of the triangle and Fib retracement gives the target as 161. Pivot R3 also points to 161. Strong resistance at 161.
Disclaimer: Do your due diligence.
Smallcap :BANCOINDIA, FIEMIND, SHARDAMOTR, RBL, LUMAXTECH, JAMNAAUTO
Midcap :SHRIPISTON, SANSERA, ARE&M, ROLEXRINGS, SUPRAJIT
Largecap :SONACOMS, UNOMINDA, TIINDIA
Jamna auto made a stellar breakout with volume on Feb 26. It's evident on Mar 11, despite selling, buyers pushed the stock leaving long lower wick showing bullishness. Height of the triangle and Fib retracement gives the target as 161. Pivot R3 also points to 161. Strong resistance at 161.
Disclaimer: Do your due diligence.
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