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

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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