Jaiprakash Associates 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
Jaiprakash Associates Limited stock price took a fall of -5.09% on Tuesday
(Updated on Jul 02, 2024)
The Jaiprakash Associates Limited stock price fell by -5.09% on the last day (Tuesday, 2nd Jul 2024) from ₹10.02 to ₹9.51. During the last trading day the stock fluctuated 6.62% from a day low at ₹9.51 to a day high of ₹10.14. The price has fallen in 7 of the last 10 days and is down by -16.21% for this period. Volume has increased on the last day by 6 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 million shares were bought and sold for approximately ₹145.03 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ₹9.33, a level that may pose a second chance to hit a runner. According to fan-theory ₹11.93 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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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 ₹9.93 and ₹12.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -16.36%. 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.
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 ₹0.630 between high and low, or 6.62%. For the last week, the stock has had daily average volatility of 5.25%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Jaiprakash Associates Limited to open at ₹9.72, and during the day (based on 14 day Average True Range), to move between ₹8.80 and ₹10.22, which gives a possible trading interval of +/-₹0.710 (+/-7.47%) up or down from last closing price. If Jaiprakash Associates Limited takes out the full calculated possible swing range there will be an estimated 14.94% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₹10.32, some ₹0.81 (8.52%) from the current price of ₹9.51, 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: -6.025 Strong Sell Candidate Downgraded
Predicted Opening Price for Jaiprakash Associates Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ₹9.72 ( 2.21%) | ₹9.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JPASSOCIAT.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.35 | 8.83% |
| R2 | 10.11 | 6.30% |
| R1 | 9.96 | 4.74% |
| Price | 9.51 | |
| S1 | 9.48 | -0.322% |
| S2 | 9.33 | -1.89% |
| S3 | 9.09 | -4.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.37 | 19.56% |
| R2 | 11.35 | 19.35% |
| R1 | 10.32 | 8.52% |
| Price | 9.51 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
JPASSOCIAT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2013 | Jul 19, 2013 | Aug 28, 2013 | ₹0.500 | 1.48% |
| 2 | May 30, 2012 | Sep 18, 2012 | Oct 27, 2012 | ₹0.500 | 0.525% |
| 3 | Aug 13, 2011 | Sep 19, 2011 | Oct 27, 2011 | ₹0.400 | 0.553% |
| 4 | Jan 17, 2011 | Feb 08, 2011 | Feb 21, 2011 | ₹0.400 | 0.456% |
| 5 | May 31, 2010 | Sep 15, 2010 | Oct 12, 2010 | ₹0.540 | 0.418% |
FAQ
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