JBMA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.1

Here's a detailed technical analysis of JBMA (JBM Auto Ltd.)

📊 Trend Overview

Current Trend: Trending Upward

Price is above both 50-DMA (₹650) and 200-DMA (₹689), confirming bullish momentum.

RSI at 72.3 indicates overbought territory — caution for short-term pullback.

MACD at 25.5 is strongly positive, reinforcing bullish momentum.

📈 Moving Averages

50-DMA: ₹650 — Strong short-term support.

200-DMA: ₹689 — Long-term support.

Price Action: Trading well above both DMAs, confirming an uptrend.

📉 Momentum Indicators

RSI (14-day): 72.3 — Overbought zone, potential for short-term correction.

MACD: 25.5 — Bullish crossover, strong upward momentum.

Volume: 15.6 lakh vs 1-week avg of 1.84 crore — Significant drop, suggesting waning buying interest.

📊 Bollinger Bands

Price likely near or above upper band — signals overextension.

Watch for a mean reversion or consolidation near current levels.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 689 200-DMA, long-term support

Support 2 650 50-DMA, short-term support

Resistance 1 770 Recent swing high

Resistance 2 800–820 Psychological barrier, trendline cap

🎯 Entry & Exit Zones

Optimal Entry: ₹690–₹710 — On pullback near 200-DMA with confirmation.

Exit Zone: ₹770–₹800 — Near resistance, ideal for profit booking.

🔍 Short-Term Signals

Momentum: Strong — MACD bullish, RSI overbought.

Breakout Potential: High — If volume picks up and RSI sustains above 70.

Bias: Bullish — But watch for short-term exhaustion.

🧭 Summary

JBMA is currently trending upward with strong momentum indicators. However, RSI suggests overbought conditions, and volume drop hints at possible short-term consolidation. Ideal strategy: wait for a dip near ₹690–₹710 for entry, and target ₹770–₹800 for exit.

Sources: ET Money Technicals, Investing.com JBMA Analysis, JustTicks JBMA Dashboard

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