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Price and trend forecast of JUBLPHARMA for Tomorrow, Weekly, Monthly

Jubilant Pharmova Limited

Symbol: NSE:JUBLPHARMA

ISIN: INE700A01033

690.55

As on 2024-05-27

318.75 (52W Low) 741.00 (52W High)

JUBLPHARMA's Today's Performance

Jubilant Pharmova Limited started the day by opening at 705.15 today 2024-05-27. Its shares reached a high of 709.90 and dipped to a low of 687.50 in intraday. When the markets closed, JUBLPHARMA’s stock price settled at ₹690.55 per share. Also check out its key support and resistance levels.

JUBLPHARMA Buy/Sell Targets

Tomorrow, sell JUBLPHARMA when its price reaches ₹ 690.55 with a stop-loss order at ₹ 700.78. You can set the target price as ₹ 680.32 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of JUBLPHARMA for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for JUBLPHARMA

Downside Targets Value in ₹
Tomorrow Down Target 1 704
Tomorrow Down Target 2 718
Tomorrow Down Target 3 727

Important Levels for JUBLPHARMA

Holding Levels Value in ₹
Tomorrow Up Target 1 682
Tomorrow Up Target 2 674
Tomorrow Up Target 3 660
Based on where the stock opens tomorrow, if JUBLPHARMA opens on a positive note, our first target will be ₹704. If Target 1 is achieved, we will aim for Target 2 which is ₹718.

But if JUBLPHARMA falls below the average value of ₹695.98, you can enter a sell side position with target number 1 - ₹682 and second target - ₹674 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of JUBLPHARMA

Looking at JUBLPHARMA, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, JUBLPHARMA has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for JUBLPHARMA is moderate bearish.

Tomorrow's Volume based share price Forecast for JUBLPHARMA

JUBLPHARMA's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 31%.

Reversal detection for JUBLPHARMA

Predicted trend chart of JUBLPHARMA tomorrow for price forecast
JUBLPHARMA may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹708 in morning tomorrow
Target 1 tomorrow705
Target 2 tomorrow710
Target 3 tomorrow718
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with JUBLPHARMA's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if JUBLPHARMA opens on a positive note, our first target will be ₹704.47. If Target 1 is achieved, we will aim for Target 2 which is ₹718.38.

But if JUBLPHARMA falls below the average value of ₹695.98, you can enter a sell side position with target number 1 - ₹682.07 and second target - ₹673.58

JUBLPHARMA's Weekly Targets
1st Up Target 704.47
2nd Up Target 718.38
1st Down Target 682.07
2nd Down Target 673.58

As the week for JUBLPHARMA ended on bearish sentiments, we can expect further continuation of this sentiment. JUBLPHARMA's initial target will be 704.47 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 682.07 in the upcoming week.

Weekly OHLC Values
Open 705.15
High 709.90
Low 687.50
Close 690.55

Week for JUBLPHARMA started with an open price of 705.15, and the close was at 690.55. JUBLPHARMA reached the highest of 709.90 and dipped lowest up to 687.50 last week. This indicates a bearish sentiment for the week.

JUBLPHARMA full month swing targets
Monthly Up Target 1 726.87
Monthly Up Target 2 740.78
Monthly Down Target 1 659.67
Monthly Down Target 2 628.78

Targets of ₹726.87 can be expected to be reached in the coming month. Once JUBLPHARMA achieved this target, we can aim for the next upside target of ₹740.78.

JUBLPHARMA if fails to hold upside, down targets of ₹659.67 and ₹628.78 can be achieved by end of this month.

For complete three weeks if JUBLPHARMA is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as JUBLPHARMA

Symbol Name Industry
SUNPHARMA Sun Pharmaceutical Industries Limited Drug Manufacturers - Specialty & Generic
CIPLA Cipla Limited Drug Manufacturers - General
DRREDDY Dr. Reddy's Laboratories Limited Drug Manufacturers - Specialty & Generic
ZYDUSLIFE Zydus Lifesciences Limited Drug Manufacturers - Specialty & Generic
APOLLOHOSP Apollo Hospitals Enterprise Limited Medical Care Facilities

Summary

JUBLPHARMA is expected to reach the target of 704.47 in tomorrow's trading session.

After achieving the initial target in JUBLPHARMA, we will aim for higher targets of 718.38 tomorrow.

However, if JUBLPHARMA starts to trade below ₹695.98, then we will shift our focus to the sell side and aim for down targets of 682.07 and 673.58.