Midcap Medallion: Buy Jamna Auto Industries Ltd For Target Rs.135 - Religare Broking
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/c8866cac5a5e44eafa914afa057c5d8e.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Jamna Auto Industries Ltd
* Jamna Auto is one of the consistent performers within the auto ancillary basket. It has been maintaining a steady uptrend since September 2020 and made a new record high at 133.15 in July 2022.
* It had a year-long corrective phase thereafter and retraced to the support zone of medium term moving average (100 EMA) on the weekly chart and formed a base.
* After the initial rebound, it formed a higher base above short term moving average (20 EMA) on the weekly chart and witnessed a breakout from the same now. The noticeable surge in volumes is adding to positivity. We thus recommend creating fresh longs in the mentioned range.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Manish Chowdhury.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Suman Bannerjee.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/farm22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/karnal22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrey Jain.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Economy.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/GV_Singapur.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/fdi22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _26.jpg)