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

Jai Corp Limited

Symbol: NSE:JAICORPLTD

ISIN: INE070D01027

318.40

As on 2024-04-24

144.20 (52W Low) 424.00 (52W High)

JAICORPLTD's Today's Performance

Jai Corp Limited started the day by opening at 322.95 today 2024-04-24. Its shares reached a high of 328.40 and dipped to a low of 317.15 in intraday. When the markets closed, JAICORPLTD’s stock price settled at ₹318.40 per share. Also check out its key support and resistance levels.

JAICORPLTD Buy/Sell Targets

Tomorrow, sell JAICORPLTD when its price reaches ₹ 318.40 with a stop-loss order at ₹ 327.03. You can set the target price as ₹ 309.78 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 JAICORPLTD 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 JAICORPLTD

Downside Targets Value in ₹
Tomorrow Down Target 1 325
Tomorrow Down Target 2 333
Tomorrow Down Target 3 337

Important Levels for JAICORPLTD

Holding Levels Value in ₹
Tomorrow Up Target 1 314
Tomorrow Up Target 2 310
Tomorrow Up Target 3 303
Based on where the stock opens tomorrow, if JAICORPLTD opens on a positive note, our first target will be ₹325. If Target 1 is achieved, we will aim for Target 2 which is ₹333.

But if JAICORPLTD falls below the average value of ₹321.32, you can enter a sell side position with target number 1 - ₹314 and second target - ₹310 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 JAICORPLTD

Looking at JAICORPLTD, 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, JAICORPLTD has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for JAICORPLTD is moderate bullish.

Tomorrow's Volume based share price Forecast for JAICORPLTD

JAICORPLTD's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 48%.

Reversal detection for JAICORPLTD

Predicted trend chart of JAICORPLTD tomorrow for price forecast
JAICORPLTD may trend may continue to be bearish since stock is making lower low and we can get target of ₹325 in morning tomorrow
Target 1 tomorrow326
Target 2 tomorrow328
Target 3 tomorrow333
 

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 JAICORPLTD'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 JAICORPLTD opens on a positive note, our first target will be ₹325.48. If Target 1 is achieved, we will aim for Target 2 which is ₹332.57.

But if JAICORPLTD falls below the average value of ₹321.32, you can enter a sell side position with target number 1 - ₹314.23 and second target - ₹310.07

JAICORPLTD's Weekly Targets
1st Up Target 335.43
2nd Up Target 352.47
1st Down Target 299.83
2nd Down Target 281.27

As the week for JAICORPLTD ended on bullish sentiments, we can expect further continuation of this sentiment. JAICORPLTD's initial target will be 335.43 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 299.83 in the upcoming week.

Weekly OHLC Values
Open 298.30
High 333.90
Low 298.30
Close 318.40

Week for JAICORPLTD started with an open price of 298.30, and the close was at 318.40. JAICORPLTD reached the highest of 333.90 and dipped lowest up to 298.30 last week. This indicates a bullish sentiment for the week.

JAICORPLTD full month swing targets
Monthly Up Target 1 371.03
Monthly Up Target 2 388.07
Monthly Down Target 1 264.23
Monthly Down Target 2 210.07

Targets of ₹371.03 can be expected to be reached in the coming month. Once JAICORPLTD achieved this target, we can aim for the next upside target of ₹388.07.

JAICORPLTD if fails to hold upside, down targets of ₹264.23 and ₹210.07 can be achieved by end of this month.

For complete three weeks if JAICORPLTD 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.

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Summary

JAICORPLTD is expected to reach the target of 325.48 in tomorrow's trading session.

After achieving the initial target in JAICORPLTD, we will aim for higher targets of 332.57 tomorrow.

However, if JAICORPLTD starts to trade below ₹321.32, then we will shift our focus to the sell side and aim for down targets of 314.23 and 310.07.