J. Kumar Infraprojects Limited Stock Forecast
J. Kumar Infraprojects Limited stock price ended at ₹877.40 on Friday, after gaining 0.0570%.
(Updated on Jun 21, 2024)
The J. Kumar Infraprojects Limited stock price gained 0.0570% on the last trading day (Friday, 21st Jun 2024), rising from ₹876.90 to ₹877.40. During the last trading day the stock fluctuated 2.65% from a day low at ₹865.05 to a day high of ₹888.00. The price has risen in 6 of the last 10 days and is up by 13.52% over the past 2 weeks. Volume fell on the last day by -71 thousand shares and in total, 169 thousand shares were bought and sold for approximately ₹148.41 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a very wide and strong 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 ₹901.60 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 28.39% during the next 3 months and, with a 90% probability hold a price between ₹905.75 and ₹1,157.56 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.
JKIL.NS Signals & Forecast
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 ₹848.69 and ₹714.25. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Tuesday, June 18, 2024, and so far it has fallen -1.61%. Further fall is indicated until a new bottom pivot has been found.
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 ₹775.05 and ₹755.75. 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 ₹775.05. If this is broken, then the next support from accumulated volume will be at ₹755.75 and ₹671.80.
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 ₹22.95 between high and low, or 2.65%. For the last week, the stock has had daily average volatility of 4.23%.
Our recommended stop-loss: ₹846.88 (-3.48%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (JKIL.NS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect J. Kumar Infraprojects Limited to open at ₹876.82, and during the day (based on 14 day Average True Range), to move between ₹835.79 and ₹919.01, which gives a possible trading interval of +/-₹41.61 (+/-4.74%) 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 9.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹891.80 (1.64%) than the support at ₹775.05 (11.67%), 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 J. Kumar Infraprojects 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 J. Kumar Infraprojects Limited stock to perform well in the short-term.
Current score: 2.370 Buy Candidate Unchanged
Predicted Opening Price for J. Kumar Infraprojects Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹876.82 ( 0.0665%) | ₹877.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JKIL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 899.77 | 2.55% |
| R2 | 891.00 | 1.55% |
| R1 | 885.58 | 0.93% |
| Price | 877.40 | |
| S1 | 868.05 | -1.07% |
| S2 | 862.63 | -1.68% |
| S3 | 853.87 | -2.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 891.80 | 1.64% |
| Price | 877.40 | |
| S1 | 775.05 | -11.67% |
| S2 | 755.75 | -13.86% |
| S3 | 671.80 | -23.43% |
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 | Sep 08, 2022 | ₹3.00 | 0.98% |
| 3 | Sep 13, 2021 | Sep 13, 2021 | Sep 13, 2021 | ₹1.00 | 0.517% |
| 4 | Sep 21, 2020 | Sep 21, 2020 | Sep 21, 2020 | ₹1.25 | 1.16% |
| 5 | May 29, 2019 | Sep 16, 2019 | Sep 24, 2019 | ₹2.25 | 1.61% |
FAQ
Click here for our free guide on how to buy J. Kumar Infraprojects Limited Stock.
