JAMNAAUTO - VCP Pattern Near Breakout

📊 JAMNA AUTO (JAMNAAUTO) – VCP Pattern Near Breakout | RSI Momentum | Volume Surge | Daily Chart
📅 Chart Date: June 26, 2025
📈 CMP: ₹94.32 (+4.60%)
📍 Ticker: NSE:JAMNAAUTO

🔍 Technical Analysis Summary
☕ Cup & Handle Formation
The chart shows a well-formed Cup & Handle pattern
Neckline resistance at ₹94.48 – a break above this zone could trigger bullish continuation
Pattern suggests accumulation and breakout setup after prolonged downtrend reversal

📈 Volume
Rising volume on recent candles, supporting strength of potential breakout
Volume above 3.3M confirms strong buying interest

📊 RSI Indicator (14)
RSI currently at 63.87 and rising
Multiple historical RSI Bullish crossovers visible during base and handle formation
RSI > 60 indicates momentum is favoring bulls

📍 Key Price Levels
✅ Breakout Zone (Neckline): ₹94.48
🚀 Upside Targets (Post-breakout estimate):
₹102
₹110
₹120+

🛡️ Support Zones:
₹90 (immediate)
₹85 (handle base)
₹80 (cup base)

📌 Trade Setup Idea
Entry: On breakout above ₹94.50 with volume
SL: Below ₹89
Targets: ₹102 → ₹110 → ₹120+

Risk-Reward: Good, considering rounded base and handle plus RSI confirmation

⚠️ Disclaimer
This chart analysis is for educational purposes only. Always DYOR (Do Your Own Research) and consult a financial advisor before making investment decisions.