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RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of JINDWORLD.NS
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Jindal Worldwide Limited stock upgraded to Buy Candidate.
(Updated on Jun 14, 2024)

Buy or Hold candidate since Jun 12, 2024 Gain 0.78% PDF

The Jindal Worldwide Limited stock price gained 3.00% on the last trading day (Friday, 14th Jun 2024), rising from ₹358.05 to ₹368.80. During the last trading day the stock fluctuated 4.39% from a day low at ₹356.35 to a day high of ₹372.00. The price has risen in 8 of the last 10 days and is up by 13.97% 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, 68 thousand more shares were traded than the day before. In total, 115 thousand shares were bought and sold for approximately ₹42.38 million.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹369.86 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.98% during the next 3 months and, with a 90% probability hold a price between ₹332.52 and ₹384.59 at the end of this 3-month period.

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JINDWORLD.NS Signals & Forecast

Mostly positive signals in the chart today. The Jindal Worldwide 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 ₹351.80 and ₹343.27. 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 15.99%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

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

Jindal Worldwide Limited finds support from accumulated volume at ₹353.30 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 ₹15.65 between high and low, or 4.39%. For the last week, the stock has had daily average volatility of 4.95%.

Our recommended stop-loss: ₹351.17 (-4.78%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (JINDWORLD.NS) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Jindal Worldwide Limited to open at ₹365.72, and during the day (based on 14 day Average True Range), to move between ₹352.16 and ₹385.44, which gives a possible trading interval of +/-₹16.64 (+/-4.51%) up or down from last closing price. If Jindal Worldwide Limited takes out the full calculated possible swing range there will be an estimated 9.02% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹353.30, some ₹15.50 (4.20%) from the current price of ₹368.80, our system finds the risk reward attractive.

Is Jindal Worldwide 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 Worldwide Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.244 Buy Candidate Upgraded

Predicted Opening Price for Jindal Worldwide Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
₹365.72 ( 0.84%) ₹368.80

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

Trading levels for JINDWORLD.NS

Fibonacci Support & Resistance Levels

Level Price
R3 381.37 3.41%
R2 375.39 1.79%
R1 371.69 0.785%
Price 368.80
S1 359.74 -2.46%
S2 356.04 -3.46%
S3 350.07 -5.08%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 368.80
S1 353.30 -4.20%
S2 350.70 -4.91%
S3 332.20 -9.92%

JINDWORLD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 31, 2023 Jul 31, 2023 Jul 31, 2023 ₹0.200 0.0646%
2 Sep 19, 2022 Sep 19, 2022 Sep 19, 2022 ₹0.100 0.0374%
3 Sep 23, 2021 Sep 23, 2021 Sep 23, 2021 ₹0.150 0.169%
4 Mar 11, 2020 Mar 19, 2020 Apr 10, 2020 ₹0.0500 0.180%
5 May 30, 2019 Sep 19, 2019 Oct 27, 2019 ₹0.0500 0.0853%

FAQ

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

Should I buy or sell Jindal Worldwide Limited Stock?
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 Worldwide Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Jindal Worldwide Limited Stock?
Jindal Worldwide 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 Worldwide Limited Stock.

What's the current price of Jindal Worldwide Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Jindal Worldwide Limited (JINDWORLD.NS) share was ₹368.80.

What is the 52-week high and low for Jindal Worldwide Limited Stock?
The 52-week high for Jindal Worldwide Limited Stock is ₹436.95 and the 52-week low is ₹267.75.

What is the market capitalization of Jindal Worldwide Limited Stock?
As of the Jun 14, 2024, the market capitalization of Jindal Worldwide Limited is 73.952B.

When is the next earnings date for Jindal Worldwide Limited?
The upcoming earnings date for Jindal Worldwide Limited is Aug 05, 2024.
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About Jindal Worldwide Limited

Jindal Worldwide Limited Jindal Worldwide Limited, together with its subsidiaries, manufactures and sells textile products in India. The company offers denim products, bottom weight fabrics, shirting fabrics, yarn dyed fabrics, and bed sheets. It also exports its products. Jindal Worldwide Limited was incorporated in 1986 and is based in Ahmedabad, India.... JINDWORLD.NS Profile

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