Jtl Industries Limited Stock Forecast
Jtl Industries Limited stock price ended at ₹222.57 on Friday, after gaining 0.770%.
(Updated on Jun 28, 2024)
The Jtl Industries Limited stock price gained 0.770% on the last trading day (Friday, 28th Jun 2024), rising from ₹220.87 to ₹222.57. During the last trading day the stock fluctuated 3.34% from a day low at ₹217.20 to a day high of ₹224.45. The price has been going up and down for this period, and there has been a 0.16% gain for the last 2 weeks. Volume fell on the last day by -644 thousand shares and in total, 632 thousand shares were bought and sold for approximately ₹140.61 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 wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.72% during the next 3 months and, with a 90% probability hold a price between ₹214.79 and ₹251.36 at the end of this 3-month period.
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JTLIND.NS Signals & Forecast
Mostly positive signals in the chart today. The Jtl Industries 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 ₹220.49 and ₹218.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 7.21%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The stock had a Golden Star Signal on Wednesday, April 24, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, April 24, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Tuesday, June 04, 2024 and based on theory for this formation the price should go up by 6.88% to ₹237.88 within 3 trading days since signal was issued (Friday, June 07, 2024).
Support, Risk & Stop-loss for Jtl Industries Limited stock
Jtl Industries Limited finds support from accumulated volume at ₹222.40 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 ₹7.25 between high and low, or 3.34%. For the last week, the stock has had daily average volatility of 4.40%.
Our recommended stop-loss: ₹215.05 (-3.38%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (JTLIND.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Jtl Industries Limited to open at ₹221.41, and during the day (based on 14 day Average True Range), to move between ₹213.77 and ₹231.37, which gives a possible trading interval of +/-₹8.80 (+/-3.95%) up or down from last closing price. If Jtl Industries 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 ₹222.40 (0.08%) than the resistance at ₹229.45 (3.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jtl Industries 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 Jtl Industries Limited stock to perform well in the short-term.
Current score: 2.188 Buy Candidate Unchanged
Predicted Opening Price for Jtl Industries Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹221.41 ( 0.523%) | ₹222.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JTLIND.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 228.66 | 2.73% |
| R2 | 225.89 | 1.49% |
| R1 | 224.18 | 0.722% |
| Price | 222.57 | |
| S1 | 218.64 | -1.77% |
| S2 | 216.93 | -2.54% |
| S3 | 214.16 | -3.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 240.40 | 8.01% |
| R2 | 230.80 | 3.70% |
| R1 | 229.45 | 3.09% |
| Price | 222.57 | |
| S1 | 222.40 | -0.0764% |
| S2 | 216.55 | -2.70% |
| S3 | 214.55 | -3.60% |
JTLIND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 04, 2023 | Aug 04, 2023 | Sep 29, 2023 | ₹0.200 | 0.0868% |
FAQ
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