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

Jayaswal Neco Industries Limited

Symbol: NSE:JAYNECOIND

ISIN: INE854B01010

52.65

As on 2024-04-24

21.45 (52W Low) 65.40 (52W High)

JAYNECOIND's Today's Performance

Jayaswal Neco Industries Limited started the day by opening at 50.50 today 2024-04-24. Its shares reached a high of 52.65 and dipped to a low of 50.20 in intraday. When the markets closed, JAYNECOIND’s stock price settled at ₹52.65 per share. Also check out its key support and resistance levels.

JAYNECOIND Buy/Sell Targets

Tomorrow, buy JAYNECOIND when its price reaches ₹ 52.65 with a stop-loss order at ₹ 51.52. You can set the target price as ₹ 53.78 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 JAYNECOIND 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 JAYNECOIND

Downside Targets Value in ₹
Tomorrow Down Target 1 53
Tomorrow Down Target 2 54
Tomorrow Down Target 3 56

Important Levels for JAYNECOIND

Holding Levels Value in ₹
Tomorrow Up Target 1 51
Tomorrow Up Target 2 49
Tomorrow Up Target 3 49
Based on where the stock opens tomorrow, if JAYNECOIND opens on a positive note, our first target will be ₹53. If Target 1 is achieved, we will aim for Target 2 which is ₹54.

But if JAYNECOIND falls below the average value of ₹51.83, you can enter a sell side position with target number 1 - ₹51 and second target - ₹49 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 JAYNECOIND

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

Based on this, the predicted sentiment for JAYNECOIND is strong bullish.

Tomorrow's Volume based share price Forecast for JAYNECOIND

JAYNECOIND's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 1%.

Reversal detection for JAYNECOIND

Predicted trend chart of JAYNECOIND tomorrow for price forecast
JAYNECOIND may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹50 in morning tomorrow
Target 1 tomorrow53
Target 2 tomorrow53
Target 3 tomorrow54
 

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 JAYNECOIND'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 JAYNECOIND opens on a positive note, our first target will be ₹53.47. If Target 1 is achieved, we will aim for Target 2 which is ₹54.28.

But if JAYNECOIND falls below the average value of ₹51.83, you can enter a sell side position with target number 1 - ₹51.02 and second target - ₹49.38

JAYNECOIND's Weekly Targets
1st Up Target 53.87
2nd Up Target 55.08
1st Down Target 50.22
2nd Down Target 47.78

As the week for JAYNECOIND ended on bullish sentiments, we can expect further continuation of this sentiment. JAYNECOIND's initial target will be 53.87 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 50.22 in the upcoming week.

Weekly OHLC Values
Open 50.70
High 52.65
Low 49.00
Close 52.65

Week for JAYNECOIND started with an open price of 50.70, and the close was at 52.65. JAYNECOIND reached the highest of 52.65 and dipped lowest up to 49.00 last week. This indicates a bullish sentiment for the week.

JAYNECOIND full month swing targets
Monthly Up Target 1 57.52
Monthly Up Target 2 58.73
Monthly Down Target 1 46.57
Monthly Down Target 2 40.48

Targets of ₹57.52 can be expected to be reached in the coming month. Once JAYNECOIND achieved this target, we can aim for the next upside target of ₹58.73.

JAYNECOIND if fails to hold upside, down targets of ₹46.57 and ₹40.48 can be achieved by end of this month.

For complete three weeks if JAYNECOIND 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

JAYNECOIND is expected to reach the target of 53.47 in tomorrow's trading session.

After achieving the initial target in JAYNECOIND, we will aim for higher targets of 54.28 tomorrow.

However, if JAYNECOIND starts to trade below ₹51.83, then we will shift our focus to the sell side and aim for down targets of 51.02 and 49.38.