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Mayank Kumar

18th Aug · SEBI-Registered Analyst

The chart of JM Financial Ltd shows a strong bullish breakout above the previous resistance zone near ₹175, following a successful retest of the ₹150 support level, which now acts as a strong demand zone. The price rebounded sharply after taking support near ₹150 and has rallied with strong momentum, backed by high-volume green candles, indicating renewed buying interest. The stock is also trading well above the 100-day EMA (₹142.21), reinforcing the bullish sentiment. As long as the price sustains above ₹175, the next upside targets could be ₹200 and above, while ₹150 remains a key support for any pullback. $JMFINANCIL

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JMFINANCIL_2025-08-18_08-38-46.png
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