Technical Analysis JBM Auto Limited.

The stock

is after forming a strong bottom around 480 in April 2026 the stock experienced a sharp recovery rally peaking near 740 in late June. It is currently undergoing a short-term corrective pullback from those recent highs. Looking at the broader picture across 2025 and 2026 the stock is consolidating within a wide horizontal range bounded by 480 on the downside and 780 on the upside. Immediate Support 640 the stock is approaching a crucial support zone near 640. This level previously acted as resistance during the upward move and is now expected to act as a floor. Major Support 560 & 480 if 640 fails to hold the next structural demand zones lie around 560 followed by the long-term double-bottom support near 480. Immediate Resistance 740 - 760 the recent peak near 740 combined with the multiple rejection peaks around 760 stands as the immediate supply barrier for the bulls. Major Resistance 780 A clean breakout and close above 780 are necessary to clear historical supply and restart a powerful macro uptrend. The stock is currently in a minor cooling-off phase forming consecutive red candles over the last few trading sessions as profit-booking takes place. The trend remains structurally positive. The stock successfully reversed its late 2025 downtrend by establishing a clear higher high and higher low sequence off the 480 bottom.