Sell JBM Auto, says Rajat Bose
Rajat Bose of rajatkbose.com told CNBC-TV18, "After showing signs of distribution up to say end of December since the beginning of this year JBM Auto has started going down. It has breached the 200-day moving average once in late January and after that in February it finally breached it conclusively and now going further down. So, my suggestion is that either you get out here or you wait till say Rs 380, but below Rs 380 you should not hold on to it."
At 14:54 hrs JBM Auto was quoting at Rs 406.10, up Rs 4.65, or 1.16 percent.
The share touched its 52-week high Rs 628.50 and 52-week low Rs 259.00 on 18 September, 2017 and 10 March, 2017, respectively.
Currently, it is trading 35.39 percent below its 52-week high and 56.8 percent above its 52-week low.