JBM Auto (₹497.50)
Trend remains bearish
Since June, the stock of JBM Auto has been steadily declining. Early this month, the stock made a fresh low of ₹465 before recovering to the current level of ₹497.50. However, the chart shows that the recovery is struggling to go beyond ₹515 as this acts as a strong barrier. The 21-day moving average also coincides with this, making it a crucial level to cross and confirm an upward reversal. We expect the stock to resume the downtrend on the back of the resistance at ₹515. Once the next downswing begins, the scrip can go to ₹425. Note that ₹400-425 is a support band. Only a clear breakout out of ₹515 can turn the near-term outlook positive. Resistance above ₹515 is at ₹550.
NESCO (₹1,052.20)
Support holds
The stock of NESCO has seen a decline in price over the last year. Nevertheless, the price action since the beginning of this year shows that it has formed a good base at ₹1,000. Although it slipped below this briefly to mark a low of ₹942.60 last month, the stock immediately reclaimed this level, reinforcing the base. On the back of this, we expect the stock to establish a fresh leg of uptrend. This upswing can potentially lift the stock above the barrier at ₹1,150 and lift the price higher to ₹1,320 over the medium term. A breakout of ₹1,320 can take the stock up to ₹1,425. But in case the stock breaches the support at ₹1,000, the price can drop to ₹880.
Siemens Energy India (₹3,123.20)
Set for a bullish breakout
The stock of Siemens Energy India has been in a downtrend since June. But the bulls have been gaining traction in the recent weeks, improving the prospect for a bullish trend reversal. Over the last three weeks, the stock has posted gains and tested a crucial trendline resistance at ₹3,200 last week. Given the current price action, the likelihood of a breakout is higher. Once this occurs, the uptrend can extend to ₹3,650. After reaching this level, there could be a temporary consolidation, before the stock eventually appreciates to ₹3,900. Instead of a breakout of ₹3,200, if the price slips back below ₹2,850, the stock could see a fresh fall, possibly to ₹2,500.
Published on November 14, 2026
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