Jyoti Structures Limited Stock Forecast
Jyoti Structures Limited stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Jyoti Structures Limited stock price fell by -1.93% on the last day (Friday, 28th Jun 2024) from ₹28.05 to ₹27.51. During the last trading day the stock fluctuated 4.01% from a day low at ₹27.16 to a day high of ₹28.25. The price has risen in 5 of the last 10 days and is up by 7.67% 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 -2 million shares and in total, 2 million shares were bought and sold for approximately ₹53.12 million.
The stock lies in the middle of a wide and strong 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 19.47% during the next 3 months and, with a 90% probability hold a price between ₹29.85 and ₹36.15 at the end of this 3-month period.
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JYOTISTRUC.NS Signals & Forecast
The Jyoti Structures 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 ₹28.44. On a fall, the stock will find some support from the long-term average at approximately ₹26.38. 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, June 20, 2024, and so far it has fallen -7.59%. Further fall is indicated until a new bottom pivot has been found. 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 Jyoti Structures Limited stock
Jyoti Structures Limited finds support from accumulated volume at ₹26.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹1.09 between high and low, or 4.01%. For the last week, the stock has had daily average volatility of 5.73%.
Our recommended stop-loss: ₹26.28 (-4.46%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (JYOTISTRUC.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Jyoti Structures Limited to open at ₹27.64, and during the day (based on 14 day Average True Range), to move between ₹25.94 and ₹29.08, which gives a possible trading interval of +/-₹1.57 (+/-5.72%) up or down from last closing price. If Jyoti Structures Limited takes out the full calculated possible swing range there will be an estimated 11.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹28.02 (1.85%) than the support at ₹26.15 (4.94%), 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.
Is Jyoti Structures 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 Jyoti Structures 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: 1.392 Buy Candidate Upgraded
Predicted Opening Price for Jyoti Structures Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
₹27.64 ( 0.473%) | ₹27.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JYOTISTRUC.NS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 28.73 | 4.43% |
R2 | 28.31 | 2.92% |
R1 | 28.06 | 1.99% |
Price | 27.51 | |
S1 | 27.22 | -1.04% |
S2 | 26.97 | -1.98% |
S3 | 26.55 | -3.49% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 29.77 | 8.22% |
R2 | 28.74 | 4.47% |
R1 | 28.02 | 1.85% |
Price | 27.51 | |
S1 | 26.15 | -4.94% |
S2 | 23.30 | -15.30% |
S3 | 23.00 | -16.39% |
JYOTISTRUC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2013 | Jul 11, 2013 | Aug 26, 2013 | ₹0.80 | 4.75% |
2 | May 25, 2012 | Jul 09, 2012 | Aug 22, 2012 | ₹1.10 | 2.97% |
3 | May 27, 2011 | Jul 08, 2011 | Aug 24, 2011 | ₹0.400 | 0.646% |
4 | May 21, 2010 | Aug 30, 2010 | Oct 15, 2010 | ₹1.00 | 0.772% |
5 | May 15, 2009 | Aug 13, 2009 | Sep 24, 2009 | ₹0.90 | 0.619% |
FAQ
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