JBM Auto

. Double Bottom Formation (Weekly TF):

1. This classic reversal pattern indicates a strong demand zone.

It occurred in the Weekly Fair Value Gap (FVG) Discount Zone, which adds strength to the support.

Volume spike confirms institutional interest.

📉 2. MSS (Market Structure Shift):

MSS shown marks a break of bearish structure, indicating potential trend reversal.

Higher lows forming → early sign of bullish intent.

📈 3. Targets:

Target-1: ₹904.80

Previous strong resistance; partial booking can be considered here.

Target-2: ₹1,047.85 – ₹1,100

All-time high zone; major resistance and potential exit zone for long trades.


At current level (₹712.95), early entry is missed, but if it consolidates above MSS, re-entry or add-on is possible on retest.

Watch for any pullback to ₹660–₹680 zone (near MSS and minor FVG) as a potential entry.

📊 Volume Analysis:

Huge Volume spike near bottom signals accumulation.

Price rising with volume = bullish confirmation.

🎯 Strategy Summary (For a Swing Position):
Aspect Observation
Trend Transitioning from Bearish → Bullish
Pattern Double Bottom (Reversal)
Entry Zone ₹660–₹680 (ideal pullback)
SL (Stop Loss) Below ₹580 (bottom support)
Target 1 ₹905 (Partial Booking)
Target 2 ₹1,050–₹1,100 (Final Booking)
Risk-Reward Good (if entering on pullback)
⚠️ Risk Note:

Ensure proper stop loss and position sizing, especially since the stock has already moved up ~13.92% this week.

Wait for minor consolidation or pullback for safer entry if missed the base.