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RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of JINDALPHOT.NS
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High volatility in Jindal Photo Limited stock price on Tuesday which ended trading at ₹845.55
(Updated on Jun 25, 2024)

Buy or Hold candidate since May 27, 2024 Gain 27.09% PDF

The Jindal Photo Limited stock price gained 20.00% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹704.65 to ₹845.55. During the last trading day the stock fluctuated 18.91% from a day low at ₹711.10 to a day high of ₹845.55. The price has fallen in 7 of the last 10 days but is still up by 16.99% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 339 thousand more shares were traded than the day before. In total, 442 thousand shares were bought and sold for approximately ₹373.45 million.

The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₹749.37, a level that may pose a second chance to hit a runner.

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JINDALPHOT.NS Signals & Forecast

The Jindal Photo Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹706.90 and ₹670.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 30.01%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Jindal Photo Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹700.80 and ₹688.85. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Jindal Photo Limited finds support just below today's level at ₹700.80. If this is broken, then the next support from accumulated volume will be at ₹688.85 and ₹652.95.

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 ₹134.45 between high and low, or 18.91%. For the last week, the stock has had daily average volatility of 7.19%.

The Jindal Photo Limited stock is extremely overbought on RSI14 (81). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: ₹815.29 (-3.58%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (JINDALPHOT.NS) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Jindal Photo Limited to open at ₹800.73, and during the day (based on 14 day Average True Range), to move between ₹803.11 and ₹887.99, which gives a possible trading interval of +/-₹42.44 (+/-5.02%) up or down from last closing price. If Jindal Photo Limited takes out the full calculated possible swing range there will be an estimated 10.04% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹700.80, some ₹144.75 (17.12%) from the current price of ₹845.55, our system finds the risk reward attractive.

Is Jindal Photo Limited stock A Buy?

Jindal Photo Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Jindal Photo Limited of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
₹800.73 ( 5.30%) ₹845.55

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for JINDALPHOT.NS

Fibonacci Support & Resistance Levels

Level Price
R3 935.18 10.60%
R2 883.82 4.53%
R1 852.09 0.774%
Price 845.55
S1 749.37 -11.37%
S2 717.64 -15.13%
S3 666.28 -21.20%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 845.55
S1 700.80 -17.12%
S2 688.85 -18.53%
S3 652.95 -22.78%

JINDALPHOT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 30, 2012 Sep 21, 2012 Oct 28, 2012 ₹1.00 1.36%
2 Aug 25, 2011 Sep 20, 2011 Oct 27, 2011 ₹1.00 1.20%
3 Sep 03, 2010 Sep 22, 2010 Oct 29, 2010 ₹1.00 0.81%
4 Sep 01, 2009 Sep 22, 2009 Oct 30, 2009 ₹1.00 1.53%
5 Jul 31, 2008 Sep 17, 2008 Nov 01, 2008 ₹1.00 2.75%

FAQ

What is the symbol for Jindal Photo Limited Stock and on which exchange is it traded?
The symbol for Jindal Photo Limited is JINDALPHOT.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Jindal Photo Limited Stock?
Jindal Photo Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Jindal Photo Limited Stock?
Jindal Photo Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Jindal Photo Limited Stock.

What's the current price of Jindal Photo Limited Stock?
As of the end of day on the Jun 25, 2024, the price of an Jindal Photo Limited (JINDALPHOT.NS) share was ₹845.55.

What is the 52-week high and low for Jindal Photo Limited Stock?
The 52-week high for Jindal Photo Limited Stock is ₹845.55 and the 52-week low is ₹318.60.

What is the market capitalization of Jindal Photo Limited Stock?
As of the Jun 25, 2024, the market capitalization of Jindal Photo Limited is 8.674B.

When is the next earnings date for Jindal Photo Limited?
The upcoming earnings date for Jindal Photo Limited is Aug 08, 2024.
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About Jindal Photo Limited

Jindal Photo Limited primarily invests in the shares of companies in India. It also provides management consultancy services. The company was incorporated in 2004 and is headquartered in New Delhi, India.... JINDALPHOT.NS Profile

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