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

Jash Engineering Limited

Symbol: NSE:JASH

ISIN: INE039O01011

1,694.40

As on 2024-04-16

821.45 (52W Low) 1,917.90 (52W High)

JASH's Today's Performance

Jash Engineering Limited started the day by opening at 1,685.00 today 2024-04-16. Its shares reached a high of 1,710.00 and dipped to a low of 1,678.40 in intraday. When the markets closed, JASH’s stock price settled at ₹1,694.40 per share. Also check out its key support and resistance levels.

JASH Buy/Sell Targets

Tomorrow, buy JASH when its price reaches ₹ 1,694.40 with a stop-loss order at ₹ 1,669.65. You can set the target price as ₹ 1,719.15 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 JASH for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for JASH

Resistance Levels Value in ₹
Tomorrow Resistance 1 1,710
Tomorrow Resistance 2 1,726
Tomorrow Resistance 3 1,742

Important Supports for JASH

Support Levels Value in ₹
Tomorrow Support 1 1,679
Tomorrow Support 2 1,663
Tomorrow Support 3 1,647
Based on where the stock opens tomorrow, if JASH opens on a positive note, our first target will be ₹1,710. If Target 1 is achieved, we will aim for Target 2 which is ₹1,726.

But if JASH falls below the average value of ₹1,694.27, you can enter a sell side position with target number 1 - ₹1,679 and second target - ₹1,663 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 JASH

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

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

Tomorrow's Volume based share price Forecast for JASH

JASH'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 -73%.

Reversal detection for JASH

Predicted trend chart of JASH tomorrow for price forecast
JASH may trend may continue to be bullish since stock is making higher highs and we can get target of ₹1685 in morning tomorrow
Target 1 tomorrow1706
Target 2 tomorrow1714
Target 3 tomorrow1726
 

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 JASH'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 JASH opens on a positive note, our first target will be ₹1,710.13. If Target 1 is achieved, we will aim for Target 2 which is ₹1,725.87.

But if JASH falls below the average value of ₹1,694.27, you can enter a sell side position with target number 1 - ₹1,678.53 and second target - ₹1,662.67

JASH's Weekly Targets
1st Up Target 1,715.58
2nd Up Target 1,736.77
1st Down Target 1,667.63
2nd Down Target 1,640.87

As the week for JASH ended on bearish sentiments, we can expect further continuation of this sentiment. JASH's initial target will be 1,715.58 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 1,667.63 in the upcoming week.

Weekly OHLC Values
Open 1,701.15
High 1,710.00
Low 1,662.05
Close 1,694.40

Week for JASH started with an open price of 1,701.15, and the close was at 1,694.40. JASH reached the highest of 1,710.00 and dipped lowest up to 1,662.05 last week. This indicates a bearish sentiment for the week.

JASH full month swing targets
Monthly Up Target 1 1,763.53
Monthly Up Target 2 1,784.72
Monthly Down Target 1 1,619.68
Monthly Down Target 2 1,544.97

Targets of ₹1,763.53 can be expected to be reached in the coming month. Once JASH achieved this target, we can aim for the next upside target of ₹1,784.72.

JASH if fails to hold upside, down targets of ₹1,619.68 and ₹1,544.97 can be achieved by end of this month.

For complete three weeks if JASH 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 JASH

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SIEMENS Siemens Limited Specialty Industrial Machinery
BEL Bharat Electronics Limited Aerospace & Defense

Summary

JASH is expected to reach the target of 1,710.13 in tomorrow's trading session.

After achieving the initial target in JASH, we will aim for higher targets of 1,725.87 tomorrow.

However, if JASH starts to trade below ₹1,694.27, then we will shift our focus to the sell side and aim for down targets of 1,678.53 and 1,662.67.