JBM AutoJBM Auto LimitedNSE:JBMAmohdwaseem222. Double Bottom Formation (Weekly TF): 1. This classic reversal pattern indicates a strong demand zone. It occurred in the Weekly Fair Value Gap (FVG) Discount Zone, which adds strength to the support. Volume spike confirms institutional interest. 📉 2. MSS (Market Structure Shift): MSS shown marks a break of bearish structure, indicating potential trend reversal. Higher lows forming → early sign of bullish intent. 📈 3. Targets: Target-1: ₹904.80 Previous strong resistance; partial booking can be considered here. Target-2: ₹1,047.85 – ₹1,100 All-time high zone; major resistance and potential exit zone for long trades. At current level (₹712.95), early entry is missed, but if it consolidates above MSS, re-entry or add-on is possible on retest. Watch for any pullback to ₹660–₹680 zone (near MSS and minor FVG) as a potential entry. 📊 Volume Analysis: Huge Volume spike near bottom signals accumulation. Price rising with volume = bullish confirmation. 🎯 Strategy Summary (For a Swing Position): AspectObservation TrendTransitioning from Bearish → Bullish PatternDouble Bottom (Reversal) Entry Zone₹660–₹680 (ideal pullback) SL (Stop Loss)Below ₹580 (bottom support) Target 1₹905 (Partial Booking) Target 2₹1,050–₹1,100 (Final Booking) Risk-RewardGood (if entering on pullback) ⚠️ Risk Note: Ensure proper stop loss and position sizing, especially since the stock has already moved up ~13.92% this week. Wait for minor consolidation or pullback for safer entry if missed the base.