JB Chem & Pharma short term analysis

96
JB Chem & Pharma is looking steady, and we can expect upside from here. The level to watch for upside would be 1690. Upon crossing this level, we can expect good upside, and it will face strong resistance at 1795. Upon crossing and sustaining this level, we can even witness upside upto the level of 1943+. On the downside, the support zone is 1605-1535, and imp short covering levels are 1471 and 1392. This view remains invalidated if JB Chem and Pharma breaches 1392 on the downside. All levels are marked in the chart posted .

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