Stock Information Portal

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

Jai Balaji Industries Limited

Symbol: NSE:JAIBALAJI

ISIN: INE091G01018

860.05

As on 2024-07-24

120.05 (52W Low) 1,314.00 (52W High)

JAIBALAJI's Today's Performance

Jai Balaji Industries Limited started the day by opening at 826.00 today 2024-07-24. Its shares reached a high of 860.05 and dipped to a low of 819.10 in intraday. When the markets closed, JAIBALAJI’s stock price settled at ₹860.05 per share. Also check out its key support and resistance levels.

JAIBALAJI Buy/Sell Targets

Tomorrow, buy JAIBALAJI when its price reaches ₹ 860.05 with a stop-loss order at ₹ 837.25. You can set the target price as ₹ 882.85 to capture potential gains. This buy 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 JAIBALAJI 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 JAIBALAJI

Downside Targets Value in ₹
Tomorrow Down Target 1 874
Tomorrow Down Target 2 887
Tomorrow Down Target 3 915

Important Levels for JAIBALAJI

Holding Levels Value in ₹
Tomorrow Up Target 1 833
Tomorrow Up Target 2 805
Tomorrow Up Target 3 792
Based on where the stock opens tomorrow, if JAIBALAJI opens on a positive note, our first target will be ₹874. If Target 1 is achieved, we will aim for Target 2 which is ₹887.

But if JAIBALAJI falls below the average value of ₹846.40, you can enter a sell side position with target number 1 - ₹833 and second target - ₹805 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 JAIBALAJI

Looking at JAIBALAJI, we've seen a Increasing 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, JAIBALAJI has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for JAIBALAJI is strong bearish.

Tomorrow's Volume based share price Forecast for JAIBALAJI

JAIBALAJI's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 101%.

Reversal detection for JAIBALAJI

Predicted trend chart of JAIBALAJI tomorrow for price forecast
JAIBALAJI may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹811 in morning tomorrow
Target 1 tomorrow862
Target 2 tomorrow872
Target 3 tomorrow887
 

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 JAIBALAJI'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 JAIBALAJI opens on a positive note, our first target will be ₹873.70. If Target 1 is achieved, we will aim for Target 2 which is ₹887.35.

But if JAIBALAJI falls below the average value of ₹846.40, you can enter a sell side position with target number 1 - ₹832.75 and second target - ₹805.45

JAIBALAJI's Weekly Targets
1st Up Target 885.70
2nd Up Target 911.35
1st Down Target 808.75
2nd Down Target 757.45

As the week for JAIBALAJI ended on bullish sentiments, we can expect further continuation of this sentiment. JAIBALAJI's initial target will be 885.70 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 808.75 in the upcoming week.

Weekly OHLC Values
Open 802.50
High 860.05
Low 783.10
Close 860.05

Week for JAIBALAJI started with an open price of 802.50, and the close was at 860.05. JAIBALAJI reached the highest of 860.05 and dipped lowest up to 783.10 last week. This indicates a bullish sentiment for the week.

JAIBALAJI full month swing targets
Monthly Up Target 1 962.65
Monthly Up Target 2 988.30
Monthly Down Target 1 731.80
Monthly Down Target 2 603.55

Targets of ₹962.65 can be expected to be reached in the coming month. Once JAIBALAJI achieved this target, we can aim for the next upside target of ₹988.30.

JAIBALAJI if fails to hold upside, down targets of ₹731.80 and ₹603.55 can be achieved by end of this month.

For complete three weeks if JAIBALAJI 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 JAIBALAJI

Symbol Name Industry
ULTRACEMCO UltraTech Cement Limited Building Materials
ASIANPAINT Asian Paints Limited Specialty Chemicals
JSWSTEEL JSW Steel Limited Steel
TATASTEEL Tata Steel Limited Steel
GRASIM Grasim Industries Limited Building Materials

Summary

JAIBALAJI is expected to reach the target of 873.70 in tomorrow's trading session.

After achieving the initial target in JAIBALAJI, we will aim for higher targets of 887.35 tomorrow.

However, if JAIBALAJI starts to trade below ₹846.40, then we will shift our focus to the sell side and aim for down targets of 832.75 and 805.45.