Jain Irrigation Systems Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Jain Irrigation Systems Limited
(Updated on May 17, 2024)
The Jain Irrigation Systems Limited stock price gained 1.46% on the last trading day (Friday, 17th May 2024), rising from ₹68.70 to ₹69.70. During the last trading day the stock fluctuated 3.59% from a day low at ₹68.30 to a day high of ₹70.75. The price has been going up and down for this period, and there has been a 4.65% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately ₹751.55 million.
The stock lies in the middle of a very 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 22.66% during the next 3 months and, with a 90% probability hold a price between ₹66.95 and ₹90.80 at the end of this 3-month period.
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JISLJALEQS.NS Signals & Forecast
Mostly positive signals in the chart today. The Jain Irrigation Systems 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 ₹67.84 and ₹61.08. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 56.45%. 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 Jain Irrigation Systems Limited stock
Jain Irrigation Systems Limited finds support from accumulated volume at ₹68.30 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 ₹2.45 between high and low, or 3.59%. For the last week, the stock has had daily average volatility of 4.23%.
Our recommended stop-loss: ₹67.09 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (JISLJALEQS.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Jain Irrigation Systems Limited to open at ₹69.58, and during the day (based on 14 day Average True Range), to move between ₹66.32 and ₹73.08, which gives a possible trading interval of +/-₹3.38 (+/-4.85%) up or down from last closing price. If Jain Irrigation Systems Limited takes out the full calculated possible swing range there will be an estimated 9.70% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹68.30, some ₹1.40 (2.01%) from the current price of ₹69.70, our system finds the risk reward attractive.
Earnings coming up
Jain Irrigation Systems Limited will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for Jain Irrigation Systems Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.51% in the first trading day after earnings release.
Is Jain Irrigation Systems 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 Jain Irrigation Systems Limited stock to perform well in the short-term.
Current score: 4.226 Buy Candidate Unchanged
Predicted Opening Price for Jain Irrigation Systems Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹69.58 ( 0.167%) | ₹69.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JISLJALEQS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 72.03 | 3.35 % | |
| R2 | 71.10 | 2.00 % | ||
| R1 | 70.52 | 1.18 % | ||
| Current price: | 69.70 | |||
| Support | S1 | 68.65 | -1.51 % | |
| S2 | 68.07 | -2.34 % | ||
| S3 | 67.13 | -3.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 69.70 | |||
| Support | S1 | 68.30 | -2.01% | |
| S2 | 66.80 | -4.16% | ||
| S3 | 63.40 | -9.04% |
JISLJALEQS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2019 | Sep 12, 2019 | Oct 08, 2019 | ₹1.00 | 5.88% |
| 2 | May 23, 2018 | Sep 12, 2018 | Oct 28, 2018 | ₹1.00 | 1.47% |
| 3 | May 24, 2017 | Sep 14, 2017 | Oct 28, 2017 | ₹0.750 | 0.749% |
| 4 | May 31, 2016 | Sep 15, 2016 | Oct 30, 2016 | ₹0.500 | 0.465% |
| 5 | May 15, 2015 | Sep 10, 2015 | Oct 30, 2015 | ₹0.500 | 0.81% |
FAQ
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