Stock Radar: JM Financial in bearish territory, down nearly 40% from highs; should you buy the dip?

JM Financial stock hit a high of Rs 168 on October 21, 2024, but lost momentum, closing at Rs 103 on February 11, 2025 — a 38% decline. Currently, in bearish territory, it formed a 'Hammer' pattern on weekly charts in late January, signalling a potential trend reversal. Hovering near 50-EMA support and above 200-EMA, a technical pullback may be likely.