Jindal Photo Limited Stock Forecast
Jindal Photo Limited stock price ended at ₹686.85 on Friday, after losing 0.109%.
(Updated on Jun 14, 2024)
The Jindal Photo Limited stock price fell by -0.109% on the last day (Friday, 14th Jun 2024) from ₹687.60 to ₹686.85. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.73% from a day low at ₹681.35 to a day high of ₹699.95. The price has fallen in 6 of the last 10 days but is still up by 1.62% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 13 thousand shares were bought and sold for approximately ₹8.68 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 22.08% during the next 3 months and, with a 90% probability hold a price between ₹805.92 and ₹892.76 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.
JINDALPHOT.NS Signals & Forecast
The Jindal Photo Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹698.44. On a fall, the stock will find some support from the long-term average at approximately ₹655.84. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -4.97%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Jindal Photo Limited stock
Jindal Photo Limited finds support from accumulated volume at ₹675.90 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 ₹18.60 between high and low, or 2.73%. For the last week, the stock has had daily average volatility of 4.98%.
Our recommended stop-loss: ₹646.19 (-5.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 54 days ago.)
Trading Expectations (JINDALPHOT.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Jindal Photo Limited to open at ₹689.38, and during the day (based on 14 day Average True Range), to move between ₹648.81 and ₹724.89, which gives a possible trading interval of +/-₹38.04 (+/-5.54%) up or down from last closing price. If Jindal Photo Limited takes out the full calculated possible swing range there will be an estimated 11.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹688.85 (0.29%) than the support at ₹675.90 (1.59%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Jindal Photo Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Jindal Photo Limited stock to perform well in the short-term.
Current score: 2.031 Buy Candidate Unchanged
Predicted Opening Price for Jindal Photo Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹689.38 ( 0.369%) | ₹686.85 |
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 | 707.98 | 3.08% |
| R2 | 700.88 | 2.04% |
| R1 | 696.49 | 1.40% |
| Price | 686.85 | |
| S1 | 682.28 | -0.666% |
| S2 | 677.89 | -1.30% |
| S3 | 670.78 | -2.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 700.80 | 2.03% |
| R2 | 700.20 | 1.94% |
| R1 | 688.85 | 0.291% |
| Price | 686.85 | |
| S1 | 675.90 | -1.59% |
| S2 | 652.95 | -4.94% |
| S3 | 650.35 | -5.31% |
JINDALPHOT Dividend Payout History
| # | 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
Click here for our free guide on how to buy Jindal Photo Limited Stock.
