" JM FINANCIAL" A Penny Stock...which can give returns in Many

This post is on request of one of my dear friend, who wanted to invest in a stock of close to Rs.10

So i came out with this idea of JM financial, which is consolidating at the current levels and is about to give a breakout very soon. The Stock is forming a Ascending triangle formation, which is a bullish pattern.

At present the stock is at Rs 13.45 my advise would be enter into the stock close to Rs.12.80 and Rs. 12.60 that is where the stock should find support at the lower levels.

Interesting about the stock is at the current price levels it has a dividend yield of  5% (i.e 0.60 paise) the stock went ex-dividend of 1st August.

At the price levels of Rs. 12.80 the stock can be entered into with a price target of minimum of rs.14 first and then one can good partial profit at those levels if one wants to and can book full profits at Rs.16 the stop loss in the stock should be Rs. 12 on daily closing basis

Till then Keep investing and remember Trend is your best friend.