🚗 JBM Auto – Trendline Breakout Setup in the Making

📊 Technical Analysis Stock has been in a downtrend since early 2024, consistently respecting the falling trendline. Price is now approaching the trendline resistance near ₹690–700 with rising volumes. A breakout above this level could trigger a sharp momentum rally. MACD is showing early signs of bullish crossover, reducing downside momentum. AVWAP from recent highs is acting as dynamic resistance, once crossed it will flip into strong support. 💡 Fundamental Strength JBM Auto is a key player in EV and bus manufacturing, benefiting from government push toward electric mobility. Strong revenue visibility from order wins, along with healthy operating margins. ROCE and profit growth have been consistent, making it a fundamentally solid bet in the auto-ancillary + EV theme. 📌 Conclusion: A breakout above ₹700 with volume confirmation may open the door for a strong rally toward ₹850–₹900 in the medium term. Until then, consolidation near the trendline should be closely watched for confirmation.