Stock Idea - Jamna Auto Industries Ltd For Target Rs. 120 by Monarch Networth Capital Limited
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Stock has been making higher top-higher bottom formation since March-2020 and it has been trading in a rising channel formation since August-2020. It is indicating bullish bias on weekly ichimoku chart and Momentum indicators are positive as well.
On the daily chart as well ichimoku is showing positive bias and it is reversing from higher bottom formation. Looking at the current chart pattern traders can expect it to cross above 120 in coming 1-2 months
Recommendation is to Buy in the range of 90-91 keeping Stop loss at 74 level and Target at 108-120 levels.
Buy Jamna Auto Industries Ltd Buy range: 90-92 CMP: 91 TARGET: 108-120 SL: 74 TIMEFRAME: 1-2 MONTHS
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