Jaiprakash Power Ventures Limited Stock Forecast
Jaiprakash Power Ventures Limited stock price down 3.66% on Tuesday
(Updated on May 07, 2024)
The Jaiprakash Power Ventures Limited stock price fell by -3.66% on the last day (Tuesday, 7th May 2024) from ₹19.15 to ₹18.45. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.95% from a day low at ₹18.20 to a day high of ₹19.10. The price has been going up and down for this period, and there has been a 1.1% gain for the last 2 weeks. Volume has increased on the last day by 50 thousand 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, 24 million shares were bought and sold for approximately ₹445.12 million.
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 -9.56% during the next 3 months and, with a 90% probability hold a price between ₹12.52 and ₹18.08 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
The Jaiprakash Power Ventures Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹19.47. On a fall, the stock will find some support from the long-term average at approximately ₹17.48. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -8.21%. 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 Power Ventures Limited stock
Jaiprakash Power Ventures Limited finds support from accumulated volume at ₹18.25 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 ₹0.90 between high and low, or 4.95%. For the last week, the stock has had daily average volatility of 4.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JPPOWER.NS) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Jaiprakash Power Ventures Limited to open at ₹18.58, and during the day (based on 14 day Average True Range), to move between ₹17.66 and ₹19.24, which gives a possible trading interval of +/-₹0.787 (+/-4.26%) 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 8.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹18.25 (1.08%) than the resistance at ₹21.35 (15.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jaiprakash Power Ventures Limited stock A Buy?
Jaiprakash Power Ventures Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.144 Sell Candidate Unchanged
Predicted Opening Price for Jaiprakash Power Ventures Limited of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| ₹18.58 ( 0.723%) | ₹18.45 |
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 | 19.48 | 5.60 % | |
| R2 | 19.14 | 3.74 % | ||
| R1 | 18.93 | 2.59 % | ||
| Current price: | 18.45 | |||
| Support | S1 | 18.24 | -1.14 % | |
| S2 | 18.03 | -2.29 % | ||
| S3 | 17.68 | -4.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.65 | 22.76 % | |
| R2 | 22.10 | 19.78 % | ||
| R1 | 21.35 | 15.72 % | ||
| Current price | 18.45 | |||
| Support | S1 | 18.25 | -1.08% | |
| S2 | 18.05 | -2.17% | ||
| S3 | 15.10 | -18.16% |
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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