JAMNA AUTO NEARING MULTI MONTH BREAKOUT

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The stocks is seen showing V shaped recovery .It looks attractive after a weekly closing above 102 .We dont have as such targets for the upside but using the fibonacci extension i have marked few levels which could be considered as the forth coming targets.There is another possibility that the stock takes a bit of reversal and forms a cup with handle,Hence if the breakout happens one must maintain strict stoploss and ride on with the stock