JSW Energy Limited Stock Forecast
JSW Energy Limited stock price ended at ₹642.70 on Friday, after gaining 0.658%.
(Updated on May 03, 2024)
The JSW Energy Limited stock price gained 0.658% on the last trading day (Friday, 3rd May 2024), rising from ₹638.50 to ₹642.70. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.98% from a day low at ₹620.80 to a day high of ₹645.50. The price has risen in 6 of the last 10 days and is up by 2.32% over the past 2 weeks. Volume fell on the last day by -42 thousand shares and in total, 254 thousand shares were bought and sold for approximately ₹163.43 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 has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₹640.04, a level that may pose a second chance to hit a runner. According to fan-theory ₹732.98 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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JSWENERGY.BO Signals & Forecast
The JSW Energy 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 ₹617.24 and ₹563.08. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 39.28%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for JSW Energy Limited stock
JSW Energy Limited finds support from accumulated volume at ₹613.30 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 ₹24.70 between high and low, or 3.98%. For the last week, the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: ₹621.62 (-3.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (JSWENERGY.BO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect JSW Energy Limited to open at ₹636.33, and during the day (based on 14 day Average True Range), to move between ₹619.53 and ₹665.87, which gives a possible trading interval of +/-₹23.17 (+/-3.61%) up or down from last closing price. If JSW Energy Limited takes out the full calculated possible swing range there will be an estimated 7.21% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹613.30, some ₹29.40 (4.57%) from the current price of ₹642.70, our system finds the risk reward attractive.
Is JSW Energy Limited stock A Buy?
JSW Energy Limited holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.863 Strong Buy Candidate Unchanged
Predicted Opening Price for JSW Energy Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹636.33 ( 0.99%) | ₹642.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JSWENERGY.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 661.03 | 2.85 % | |
| R2 | 651.60 | 1.38 % | ||
| R1 | 645.77 | 0.477 % | ||
| Current price: | 642.70 | |||
| Support | S1 | 626.90 | -2.46 % | |
| S2 | 621.07 | -3.37 % | ||
| S3 | 611.63 | -4.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 642.70 | |||
| Support | S1 | 613.30 | -4.57% | |
| S2 | 581.05 | -9.59% | ||
| S3 | 506.35 | -21.22% |
JSWENERGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 02, 2023 | Jun 02, 2023 | Jul 28, 2023 | ₹2.00 | 0.684% |
| 2 | May 30, 2022 | May 30, 2022 | Jul 14, 2022 | ₹2.00 | 0.86% |
| 3 | Jul 11, 2016 | Jul 11, 2016 | Jul 11, 2016 | ₹2.00 | 2.44% |
| 4 | Jul 10, 2015 | Jul 10, 2015 | Jul 10, 2015 | ₹2.00 | 2.06% |
| 5 | Jul 11, 2014 | Jul 11, 2014 | Jul 11, 2014 | ₹2.00 | 2.83% |
FAQ
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