Jaiprakash Associates Limited Stock Forecast

Is Jaiprakash Associates Limited stock still a buy after falling -5.16% on Wednesday?
(Updated on May 29, 2024)

JPASSOCIAT.NS Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jaiprakash Associates Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹15.50 and ₹18.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -34.81%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, June 29, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Jaiprakash Associates Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 ₹1.00 between high and low, or 6.85%. For the last week, the stock has had daily average volatility of 5.44%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (JPASSOCIAT.NS) For The Upcoming Trading Day Of Thursday 30th

For the upcoming trading day on Thursday, 30th we expect Jaiprakash Associates Limited to open at ₹14.97, and during the day (based on 14 day Average True Range), to move between ₹13.83 and ₹15.57, which gives a possible trading interval of +/-₹0.87 (+/-5.93%) up or down from last closing price. If Jaiprakash Associates Limited takes out the full calculated possible swing range there will be an estimated 11.87% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ ₹17.50, some ₹2.80 (19.05%) from the current price of ₹14.70, our system finds the risk reward not very attractive.

Is Jaiprakash Associates Limited stock A Buy?

Jaiprakash Associates Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.736 Strong Sell Candidate Downgraded

Predicted Opening Price for Jaiprakash Associates Limited of Thursday, May 30, 2024

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