Balancing ledgers by day, deciphering charts by night. Investor's mindset, accountant's precision. Join me on this financial journey. 💼📈
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JBM Auto
Stock gave exit signal back in Sep'24 where downtrend started, from past 35 weeks stock is forming bottom and recent 2 weeks were the HVW.
Looks good to study further.
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Technical Case study on Maruti Suzuki -
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From narrow bounce to broad participation. Nifty’s breakout looks stronger with breadth improving across the board. MidSmallcap 400 too is holding firm above its 30-week MA.
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Hotel industry is in consolidation phase from past one year, interesting insight is that from past 5 weeks we are in tight range at resistance usually a sign of trend change.
Catalyst is GST Cuts, Consumer spending & Festive Season ahead
𝗝𝗕𝗠 𝗔𝘂𝘁𝗼
The stock faked a breakdown below support, trapped bears, and reversed sharply on strong volumes. It reclaimed the 30 WEMA and broke the downtrend line, signaling a possible medium-term trend reversal.
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