Trade Spotlight: How should you trade ICICI Bank, Cummins India, Jamna Auto, Mahindra Finance, Bajaj Finserv, and others on November 28?

About this update from Jamna Auto Industries Limited

Equity benchmarks closed flat with a positive bias after hitting a fresh record high, with the Nifty 50 rising just 10 points on November 27. However, market breadth turned negative. About 1,520 shares saw selling pressure compared to 1,318 shares that advanced on the NSE. The market is expected to see consolidation until it convincingly surpasses Thursday's high. Below are some short-term trading ideas to consider:Hitesh Tailor, Research Analyst at Choice BrokingJamna Auto Industries | CMP: Rs 114.25Jamna Auto has shown strong bullish momentum. The stock has reclaimed all key moving averages, indicating a clear shift in trend from consolidation to strength.The recent candles show higher highs and higher lows, confirming improving sentiment and steady accumulation. Volume has also picked up, supporting the upward price action.The stock had been under pressure earlier, but a decisive breakout above the 104–110 EMA cluster now acts as a strong support zone. Sustaining above this band keeps the near-term structure positive.On the upside, resistance is seen around Rs 123–125, where the stock previously paused. A breakout above this zone can open the gates for further momentum with potential to test higher levels.Strategy: BuyTarget: Rs 125Stop-Loss: Rs 107Azad Engineering | CMP: Rs 1,696.7Azad Engineering is showing a steady bullish structure, with a strong bounce from its rising trendline support. The stock continues to hold above all key EMAs, indicating ongoing strength and sustained accumulation.Recent candles show higher lows forming consistently along the trendline, reflecting continued buying interest on dips. The EMAs are aligned positively, with price staying comfortably above the Rs 1,625–1,655 support cluster, keeping the near-term trend firmly intact. Volume remains stable, supporting the constructive price action.Sustaining above the Rs 1,670–1,700 zone strengthens the bullish outlook. On the upside, resistance is seen around Rs 1,840–1,850, where the stock previously faced selling pressure. A breakout above this zone can unlock further momentum and shift the trend into a stronger upward trajectory.Strategy: BuyTarget: Rs 1,850Stop-Loss: Rs 1,615Mahindra and Mahindra Financial Services | CMP: Rs 363.65Mahindra Finance is showing strong bullish momentum after an aggressive breakout from its multi-month consolidation zone. The stock is comfortably ...

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