Jagsonpal Pharmaceuticals Limited Stock Forecast
Jagsonpal Pharmaceuticals Limited stock price down 2.15% on Friday
(Updated on May 31, 2024)
The Jagsonpal Pharmaceuticals Limited stock price fell by -2.15% on the last day (Friday, 31st May 2024) from ₹330.45 to ₹323.35. During the last trading day the stock fluctuated 5.92% from a day low at ₹320.00 to a day high of ₹338.95. The price has fallen in 6 of the last 10 days and is down by -4.42% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately ₹762.78 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹321.87 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.88% during the next 3 months and, with a 90% probability hold a price between ₹382.64 and ₹460.59 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
JAGSNPHARM.BO Signals & Forecast
There are few to no technical positive signals at the moment. The Jagsonpal Pharmaceuticals Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹335.24 and ₹331.42. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -11.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Jagsonpal Pharmaceuticals Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Jagsonpal Pharmaceuticals Limited stock
Jagsonpal Pharmaceuticals Limited finds support from accumulated volume at ₹323.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹18.95 between high and low, or 5.92%. For the last week, the stock has had daily average volatility of 4.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JAGSNPHARM.BO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Jagsonpal Pharmaceuticals Limited to open at ₹327.43, and during the day (based on 14 day Average True Range), to move between ₹307.10 and ₹339.60, which gives a possible trading interval of +/-₹16.25 (+/-5.02%) up or down from last closing price. If Jagsonpal Pharmaceuticals Limited takes out the full calculated possible swing range there will be an estimated 10.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹323.05 (0.09%) than the resistance at ₹330.95 (2.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jagsonpal Pharmaceuticals Limited stock A Buy?
The Jagsonpal Pharmaceuticals Limited stock holds several negative signals and despite the positive trend, we believe Jagsonpal Pharmaceuticals Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.540 Sell Candidate Unchanged
Predicted Opening Price for Jagsonpal Pharmaceuticals Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹327.43 ( 1.26%) | ₹323.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JAGSNPHARM.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 346.38 | 7.12 % | |
| R2 | 339.14 | 4.88 % | ||
| R1 | 334.67 | 3.50 % | ||
| Current price: | 323.35 | |||
| Support | S1 | 320.19 | -0.98 % | |
| S2 | 315.72 | -2.36 % | ||
| S3 | 308.48 | -4.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 349.35 | 8.04 % | |
| R2 | 338.30 | 4.62 % | ||
| R1 | 330.95 | 2.35 % | ||
| Current price | 323.35 | |||
| Support | S1 | 323.05 | -0.0928% | |
| S2 | 321.90 | -0.448% | ||
| S3 | 275.90 | -14.67% |
JAGSNPHARM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 21, 2023 | Aug 21, 2023 | Sep 30, 2023 | ₹5.00 | 0% |
| 2 | Oct 29, 2021 | Oct 29, 2021 | Oct 30, 2021 | ₹4.00 | 0% |
| 3 | Sep 22, 2017 | Sep 22, 2017 | Oct 29, 2017 | ₹0.100 | 0% |
| 4 | Sep 21, 2016 | Sep 21, 2016 | Sep 21, 2016 | ₹0.100 | 0% |
| 5 | Sep 21, 2015 | Sep 21, 2015 | Sep 21, 2015 | ₹0.100 | 0% |
FAQ
Click here for our free guide on how to buy Jagsonpal Pharmaceuticals Limited Stock.
