Mid & Small Cap Breakouts: SEBI RAs Track JM Financial, Sirca Paints, PCBL For Technical Upside

Analysts are tracking defined accumulation zones and upside levels, with JM Financial and Sirca near key resistance and PCBL poised for a triangle breakout on rising volume.

Several SEBI-registered analysts have identified high-potential breakout setups across mid-cap and small-cap stocks, highlighting technical strength, favorable accumulation zones, and defined upside targets.

Let’s take a look at their recommendations: 

JM Financial

JM Financial is trading in an uptrend and finding strong resistance near ₹175, according to SEBI-registered analyst Krishna Pathak. 

He sees a short-term investment opportunity with an add-on accumulation zone at ₹135–₹145, where previous buying interest was noted. A breakout above ₹175 could lead to targets of ₹235–₹333. 

Pathak has listed upside targets at ₹211, ₹245, and ₹301, while cautioning that a breakdown below ₹110 may lead to a deeper correction.

Sirca Paints

SEBI-registered analyst Ashok Kumar Aggarwal highlighted Sirca Paints India, which manufactures and exports wood coatings under the brand ‘Sirca’. 

Sirca Paints has been delivering healthy returns, with a 19.9% return on capital employed (ROCE) and 14.9% return on equity (ROE), though it trades at a relatively high P/E of 46. 

According to Ashok Kumar Aggarwal, the stock is showing strength on the charts, with a relative strength index (RSI) above 60 and prices holding above all key moving averages across daily, weekly, and monthly timeframes. 

He sees strength and momentum, recommending accumulation in the ₹385–₹405 zone, with a stop-loss at ₹368 and a near-term target of ₹460. 

He suggested using a trailing stop-loss after target achievement.

PCBL Chemicals

On PCBL Chemical, SEBI-registered analyst Palak Jain observed a symmetrical triangle pattern indicating breakout potential. 

Volume has risen to 11.63 million, suggesting growing interest. 

The RSI is at 49.91, indicating a neutral setup. A breakout above the ₹440 level could lead to a move toward ₹480, according to Jain.

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