JITF Infralogistics Limited Stock Forecast

Green day on Tuesday for JITF Infralogistics Limited
(Updated on May 28, 2024)

JITFINFRA.NS Signals & Forecast

The JITF Infralogistics 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 ₹810.56 and ₹734.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 102.12%. 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 JITF Infralogistics Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹830.10 and ₹776.10. 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, JITF Infralogistics Limited finds support just below today's level at ₹830.10. If this is broken, then the next support from accumulated volume will be at ₹776.10 and ₹739.35.

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 ₹25.05 between high and low, or 2.86%. For the last week, the stock has had daily average volatility of 2.97%.

Our recommended stop-loss: ₹866.93 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 55 days ago.)

Trading Expectations (JITFINFRA.NS) For The Upcoming Trading Day Of Wednesday 29th

For the upcoming trading day on Wednesday, 29th we expect JITF Infralogistics Limited to open at ₹891.70, and during the day (based on 14 day Average True Range), to move between ₹859.13 and ₹940.97, which gives a possible trading interval of +/-₹40.92 (+/-4.55%) up or down from last closing price. If JITF Infralogistics Limited takes out the full calculated possible swing range there will be an estimated 9.09% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹830.10, some ₹69.95 (7.77%) from the current price of ₹900.05, our system finds the risk reward attractive.

Is JITF Infralogistics Limited stock A Buy?

JITF Infralogistics Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 7.808 Strong Buy Candidate Unchanged

Predicted Opening Price for JITF Infralogistics Limited of Wednesday, May 29, 2024

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