The Jamna Auto stock broke out from a 4 month long sideways consolidation with big volumes and closed at a 2+ year weekly high.
The up move should continue in the short to medium term as long as the weekly closing is above 72 (shown on the chart as the blue resistance trendline)
Resistances: The 85-95 region will act as a broad resistance area for this stock going forward. The red coloured resistance TL also falls between 85-95 currently.
Target: For a short term trade, the 85-95 region is a reasonable target. A weekly close above 95 will take the stock to a new ATH and will lead to further significant upside.
SL: Longs can be held with a WCB stop loss of 71-72.
The up move should continue in the short to medium term as long as the weekly closing is above 72 (shown on the chart as the blue resistance trendline)
Resistances: The 85-95 region will act as a broad resistance area for this stock going forward. The red coloured resistance TL also falls between 85-95 currently.
Target: For a short term trade, the 85-95 region is a reasonable target. A weekly close above 95 will take the stock to a new ATH and will lead to further significant upside.
SL: Longs can be held with a WCB stop loss of 71-72.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.