Jaiprakash Power Ventures Limited Stock Forecast
Jaiprakash Power Ventures Limited stock price ended at ₹18.10 on Friday, after gaining 0.277%.
(Updated on Apr 26, 2024)
The Jaiprakash Power Ventures Limited stock price gained 0.277% on the last trading day (Friday, 26th Apr 2024), rising from ₹18.05 to ₹18.10. During the last trading day the stock fluctuated 1.39% from a day low at ₹17.95 to a day high of ₹18.20. The price has risen in 5 of the last 10 days and is up by 0.84% over the past 2 weeks. Volume fell on the last day by -682 shares and in total, 15 million shares were bought and sold for approximately ₹264.37 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 middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.07% during the next 3 months and, with a 90% probability hold a price between ₹11.48 and ₹17.16 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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JPPOWER.NS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -6.46%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Jaiprakash Power Ventures 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 ₹17.73 and ₹16.89. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for Jaiprakash Power Ventures Limited stock
Jaiprakash Power Ventures Limited finds support from accumulated volume at ₹17.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₹0.250 between high and low, or 1.39%. For the last week, the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: ₹17.27 (-4.58%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (JPPOWER.NS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Jaiprakash Power Ventures Limited to open at ₹18.08, and during the day (based on 14 day Average True Range), to move between ₹17.39 and ₹18.81, which gives a possible trading interval of +/-₹0.709 (+/-3.92%) up or down from last closing price. If Jaiprakash Power Ventures Limited takes out the full calculated possible swing range there will be an estimated 7.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹18.15 (0.28%) than the support at ₹17.70 (2.21%), 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.
Earnings coming up
Jaiprakash Power Ventures Limited will release earnings BMO on Saturday, April 27, 2024. We will update the financials statements for Jaiprakash Power Ventures Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.08% in the first trading day after earnings release.
Is Jaiprakash Power Ventures Limited stock A Buy?
Jaiprakash Power Ventures Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.420 Hold/Accumulate Unchanged
Predicted Opening Price for Jaiprakash Power Ventures Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₹18.08 ( 0.0921%) | ₹18.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JPPOWER.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.33 | 1.29 % | |
| R2 | 18.24 | 0.762 % | ||
| R1 | 18.18 | 0.436 % | ||
| Current price: | 18.10 | |||
| Support | S1 | 17.99 | -0.620 % | |
| S2 | 17.93 | -0.95 % | ||
| S3 | 17.83 | -1.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.35 | 17.96 % | |
| R2 | 18.55 | 2.49 % | ||
| R1 | 18.15 | 0.276 % | ||
| Current price | 18.10 | |||
| Support | S1 | 17.70 | -2.21% | |
| S2 | 16.90 | -6.63% | ||
| S3 | 15.10 | -16.57% |
JPPOWER Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2009 | Aug 10, 2009 | Sep 03, 2009 | ₹0.750 | 0.91% |
| 2 | Oct 16, 2008 | Oct 29, 2008 | Nov 12, 2008 | ₹0.750 | 2.61% |
| 3 | Apr 25, 2008 | Jul 31, 2008 | Aug 18, 2008 | ₹0.750 | 1.40% |
| 4 | Sep 11, 2007 | Sep 11, 2007 | Sep 11, 2007 | ₹0.750 | 1.51% |
| 5 | Aug 31, 2005 | Aug 31, 2005 | Aug 31, 2005 | ₹0.750 | 2.29% |
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