JBM Auto – Technical Analysis, Support and Resistance

The stock

has been in a strong downtrend since its 2024 highs, with a consistent pattern of lower highs and lower lows. The stock recently declined towards the ₹465–470 zone and is now showing a small recovery. It closed at ₹497.70 up 2.09% but the broader trend remains weak. Support & Resistance: Immediate support is around ₹485–475. Below this the next support zone is ₹465–450. On the upside ₹500–520 is the immediate resistance zone followed by ₹545–560. Short-Term Buyers & Holders View: Fresh buying should be approached cautiously. A sustained close above ₹520 with strong volume may indicate improving momentum and open the possibility of a recovery towards ₹545–560. Existing holders should monitor the ₹475–465 support zone, as a breakdown may lead to further weakness.