Meanwhile, technical parameters showed strong growth in shares of Jamna. The 14-day daily RSI (49.88) has made strong gains from its over-selling area.
The company’s stock has also improved in terms of on-balance volume volume. Relative Strength (RS) refers to the stock performing better than the broader market. In addition, the Elder Impulse system is also a good buy-in stock.
In YTD terms, the stock has a return of about 6% and a return of 3% per month. It has relatively good performance in a weak market and performs better than its business competitors. With such positivity, the stock is expected to trade higher in the coming days.
It is estimated that its price will go up to Rs.120 in the short and medium term. Today, the share price of the company is up 4.46% at Rs 107.75. Traders have said they can add this stock to their watch list to monitor further growth.
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