The stock of JB Chemicals & Pharmaceuticals has been in a steady uptrend since October last year. Although there have been several price corrections, the scrip has been maintaining the broader uptrend. In the recent sessions, the stock has largely stayed flat, moving between ₹2,080 and ₹2,140. The 21-day moving average is now at ₹2,070. Therefore, the price band of ₹2,070-2,080 is a support band. We expect the stock to resume the rally on the back of this. In the near-term, the price can touch ₹2,200. Therefore, traders can buy the stock now at ₹2,085 and place a stop-loss at ₹2,035. When the price hits ₹2,140, revise the stop-loss to ₹2,090. On a rally to ₹2,180, alter the stop-loss to ₹2,150. Book profits at ₹2,200. 

(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)

Published on March 20, 2026