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

Jay Bharat Maruti Limited

Symbol: NSE:JAYBARMARU

ISIN: INE571B01028

117.70

As on 2024-04-16

99.45 (52W Low) 343.90 (52W High)

JAYBARMARU's Today's Performance

Jay Bharat Maruti Limited started the day by opening at 118.30 today 2024-04-16. Its shares reached a high of 121.35 and dipped to a low of 117.15 in intraday. When the markets closed, JAYBARMARU’s stock price settled at ₹117.70 per share. Also check out its key support and resistance levels.

JAYBARMARU Buy/Sell Targets

Tomorrow, sell JAYBARMARU when its price reaches ₹ 117.70 with a stop-loss order at ₹ 120.43. You can set the target price as ₹ 114.98 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 JAYBARMARU 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 JAYBARMARU

Resistance Levels Value in ₹
Tomorrow Resistance 1 120
Tomorrow Resistance 2 123
Tomorrow Resistance 3 125

Important Supports for JAYBARMARU

Support Levels Value in ₹
Tomorrow Support 1 116
Tomorrow Support 2 115
Tomorrow Support 3 112
Based on where the stock opens tomorrow, if JAYBARMARU opens on a positive note, our first target will be ₹120. If Target 1 is achieved, we will aim for Target 2 which is ₹123.

But if JAYBARMARU falls below the average value of ₹118.73, you can enter a sell side position with target number 1 - ₹116 and second target - ₹115 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 JAYBARMARU

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

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

Tomorrow's Volume based share price Forecast for JAYBARMARU

JAYBARMARU's Volume is currently in a Increasing 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 -45%.

Reversal detection for JAYBARMARU

Predicted trend chart of JAYBARMARU tomorrow for price forecast
JAYBARMARU may trend may continue to be bearish since stock is making lower low and we can get target of ₹118 in morning tomorrow
Target 1 tomorrow120
Target 2 tomorrow121
Target 3 tomorrow123
 

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 JAYBARMARU'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 JAYBARMARU opens on a positive note, our first target will be ₹120.32. If Target 1 is achieved, we will aim for Target 2 which is ₹122.93.

But if JAYBARMARU falls below the average value of ₹118.73, you can enter a sell side position with target number 1 - ₹116.12 and second target - ₹114.53

JAYBARMARU's Weekly Targets
1st Up Target 121.45
2nd Up Target 125.20
1st Down Target 114.50
2nd Down Target 111.30

As the week for JAYBARMARU ended on bearish sentiments, we can expect further continuation of this sentiment. JAYBARMARU's initial target will be 121.45 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 114.50 in the upcoming week.

Weekly OHLC Values
Open 120.75
High 122.00
Low 115.05
Close 117.70

Week for JAYBARMARU started with an open price of 120.75, and the close was at 117.70. JAYBARMARU reached the highest of 122.00 and dipped lowest up to 115.05 last week. This indicates a bearish sentiment for the week.

JAYBARMARU full month swing targets
Monthly Up Target 1 128.40
Monthly Up Target 2 132.15
Monthly Down Target 1 107.55
Monthly Down Target 2 97.40

Targets of ₹128.40 can be expected to be reached in the coming month. Once JAYBARMARU achieved this target, we can aim for the next upside target of ₹132.15.

JAYBARMARU if fails to hold upside, down targets of ₹107.55 and ₹97.40 can be achieved by end of this month.

For complete three weeks if JAYBARMARU 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 JAYBARMARU

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MARUTI Maruti Suzuki India Limited Auto Manufacturers
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TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

JAYBARMARU is expected to reach the target of 120.32 in tomorrow's trading session.

After achieving the initial target in JAYBARMARU, we will aim for higher targets of 122.93 tomorrow.

However, if JAYBARMARU starts to trade below ₹118.73, then we will shift our focus to the sell side and aim for down targets of 116.12 and 114.53.