J. Kumar Infraprojects Limited Stock Forecast
J. Kumar Infraprojects Limited stock price up 2.50% on Friday
(Updated on Jun 14, 2024)
The J. Kumar Infraprojects Limited stock price gained 2.50% on the last trading day (Friday, 14th Jun 2024), rising from ₹801.20 to ₹821.20. During the last trading day the stock fluctuated 4.58% from a day low at ₹797.15 to a day high of ₹833.65. The price has risen in 6 of the last 10 days and is up by 8.62% 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, 17 thousand more shares were traded than the day before. In total, 31 thousand shares were bought and sold for approximately ₹25.19 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 ₹798.95, a level that may pose a second chance to hit a runner. According to fan-theory ₹912.95 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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JKIL.BO Signals & Forecast
Mostly positive signals in the chart today. The J. Kumar Infraprojects 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 ₹800.63 and ₹691.00. 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 21.48%. 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 J. Kumar Infraprojects Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹774.20 and ₹756.05. 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, J. Kumar Infraprojects Limited finds support just below today's level at ₹774.20. If this is broken, then the next support from accumulated volume will be at ₹756.05 and ₹686.75.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹36.50 between high and low, or 4.58%. For the last week, the stock has had daily average volatility of 4.36%.
Our recommended stop-loss: ₹791.31 (-3.64%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (JKIL.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect J. Kumar Infraprojects Limited to open at ₹817.33, and during the day (based on 14 day Average True Range), to move between ₹778.01 and ₹864.39, which gives a possible trading interval of +/-₹43.19 (+/-5.26%) up or down from last closing price. If J. Kumar Infraprojects Limited takes out the full calculated possible swing range there will be an estimated 10.52% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹774.20, some ₹47.00 (5.72%) from the current price of ₹821.20, our system finds the risk reward attractive.
Is J. Kumar Infraprojects Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for J. Kumar Infraprojects Limited stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.
Current score: 4.219 Buy Candidate Unchanged
Predicted Opening Price for J. Kumar Infraprojects Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹817.33 ( 0.471%) | ₹821.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JKIL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 853.83 | 3.97% |
| R2 | 839.89 | 2.28% |
| R1 | 831.28 | 1.23% |
| Price | 821.20 | |
| S1 | 803.39 | -2.17% |
| S2 | 794.78 | -3.22% |
| S3 | 780.83 | -4.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 821.20 | |
| S1 | 774.20 | -5.72% |
| S2 | 756.05 | -7.93% |
| S3 | 686.75 | -16.37% |
JKIL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 14, 2023 | Sep 14, 2023 | Oct 26, 2023 | ₹3.50 | 0.87% |
| 2 | Sep 08, 2022 | Sep 08, 2022 | Oct 20, 2022 | ₹3.00 | 1.32% |
| 3 | Sep 20, 2017 | Sep 20, 2017 | Oct 28, 2017 | ₹2.00 | 0.767% |
| 4 | Sep 09, 2016 | Sep 09, 2016 | Sep 09, 2016 | ₹2.00 | 1.24% |
| 5 | Sep 07, 2015 | Sep 07, 2015 | Sep 07, 2015 | ₹4.00 | 1.11% |
FAQ
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