Jsw Infrastructure Limited Stock Forecast
Jsw Infrastructure Limited stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Jun 19, 2024)
The Jsw Infrastructure Limited stock price fell by -1.08% on the last day (Wednesday, 19th Jun 2024) from ₹305.45 to ₹302.15. During the last trading day the stock fluctuated 2.80% from a day low at ₹301.35 to a day high of ₹309.80. The price has risen in 7 of the last 10 days and is up by 13.5% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -109 thousand shares and in total, 283 thousand shares were bought and sold for approximately ₹85.46 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹306.48 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 24.59% during the next 3 months and, with a 90% probability hold a price between ₹339.75 and ₹381.82 at the end of this 3-month period.
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JSWINFRA.BO Signals & Forecast
The Jsw Infrastructure 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 ₹292.72 and ₹273.19. A breakdown below any of these levels will issue sell signals. 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 Tuesday, June 18, 2024, and so far it has fallen -1.08%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Jsw Infrastructure Limited stock
Jsw Infrastructure Limited finds support from accumulated volume at ₹300.45 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 ₹8.45 between high and low, or 2.80%. For the last week, the stock has had daily average volatility of 3.18%.
Our recommended stop-loss: ₹289.65 (-4.14%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (JSWINFRA.BO) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Jsw Infrastructure Limited to open at ₹304.43, and during the day (based on 14 day Average True Range), to move between ₹290.20 and ₹314.10, which gives a possible trading interval of +/-₹11.95 (+/-3.96%) up or down from last closing price. If Jsw Infrastructure Limited takes out the full calculated possible swing range there will be an estimated 7.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹300.45 (0.56%) than the resistance at ₹305.45 (1.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jsw Infrastructure Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Jsw Infrastructure Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.436 Buy Candidate Upgraded
Predicted Opening Price for Jsw Infrastructure Limited of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| ₹304.43 ( 0.756%) | ₹302.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JSWINFRA.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 312.88 | 3.55% |
| R2 | 309.66 | 2.48% |
| R1 | 307.66 | 1.82% |
| Price | 302.15 | |
| S1 | 301.21 | -0.313% |
| S2 | 299.21 | -0.97% |
| S3 | 295.98 | -2.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 305.45 | 1.09% |
| Price | 302.15 | |
| S1 | 300.45 | -0.563% |
| S2 | 271.75 | -10.06% |
| S3 | 266.20 | -11.90% |
FAQ
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