JBMA - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.2

Here’s a detailed technical breakdown of JBMA’s current setup and short-term outlook

📊 Trend Analysis

Current Trend: Reversal to Downtrend

Price Action: Trading well below its 50 DMA (₹661) and 200 DMA (₹711), signaling bearish sentiment.

52W Index (26.7%): Indicates significant decline from its 52-week high (₹1,080), reinforcing a reversal narrative.

📈 Momentum Indicators

RSI (47.5): Neutral to slightly bearish — hovering below 50 suggests weakening momentum.

MACD (-5.02): Negative crossover — confirms bearish momentum and lack of short-term strength.

Volume: Substantially below 1-week average — indicates low participation and possible lack of conviction.

📉 Volatility & Bands

Bollinger Bands: Price likely near or below the lower band — potential oversold condition, but no strong reversal signal yet.

Volatility: High beta and sharp fall from highs suggest elevated risk and price swings.

📌 Support & Resistance Zones

Level Price (₹)

Immediate Support 640 (recent low)

Strong Support 611 (trendline base)

Resistance 1 661 (50 DMA)

Resistance 2 685 (supply zone)

Resistance 3 711 (200 DMA)

🎯 Entry & Exit Zones

Optimal Entry: ₹610–₹640 (if price stabilizes near support)

Exit / Profit Booking: ₹685–₹710 (if bounce occurs toward resistance)

🔍 Short-Term Signals

Momentum: Weak — negative MACD and sub-50 RSI suggest caution.

Trendline: Price has broken below key trendline support — confirms reversal.

Consolidation: Not evident — price is declining with low volume, not stabilizing.

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