Stocks to Watch For Today From CapitalHeight

Stocks to Watch For Thursday-CapitalHeight JBMA AUTO LIMITED. 
Stocks to Watch For Wednesday-CapitalHeight JBMA AUTO LIMITED.
Technical Analysis 

                           The JBMA AUTO LTD started to rally last year from the lows of Rs 259 in July 2017 and in the next couple of months it registered a major top around Rs 629 in September 2017.Since then it has given up all the gains and appears to be testing its critical averages on the long-term charts Hence,the stock long-term on delivery based can buy into 2-5 days. In case if a fresh leg of rally unfolds from current levels after consolidation then a target around 350 can be expected over a period of time. The JBM AUTO buying around Rs.310 -312 target is Rs.325-335 with a stop below 294.
The weekly RSI trend registered an upward momentum at 36 suggesting a positive divergence along with positive cues on MACD indicating fresh bullish 21 crossover.
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