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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.