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

JITF Infralogistics Limited

Symbol: NSE:JITFINFRA

ISIN: INE863T01013

613.10

As on 2024-04-16

110.70 (52W Low) 716.15 (52W High)

JITFINFRA's Today's Performance

JITF Infralogistics Limited started the day by opening at 591.75 today 2024-04-16. Its shares reached a high of 613.10 and dipped to a low of 575.00 in intraday. When the markets closed, JITFINFRA’s stock price settled at ₹613.10 per share. Also check out its key support and resistance levels.

JITFINFRA Buy/Sell Targets

Tomorrow, buy JITFINFRA when its price reaches ₹ 613.10 with a stop-loss order at ₹ 598.80. You can set the target price as ₹ 627.40 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 JITFINFRA 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 JITFINFRA

Resistance Levels Value in ₹
Tomorrow Resistance 1 626
Tomorrow Resistance 2 639
Tomorrow Resistance 3 664

Important Supports for JITFINFRA

Support Levels Value in ₹
Tomorrow Support 1 588
Tomorrow Support 2 562
Tomorrow Support 3 550
Based on where the stock opens tomorrow, if JITFINFRA opens on a positive note, our first target will be ₹626. If Target 1 is achieved, we will aim for Target 2 which is ₹639.

But if JITFINFRA falls below the average value of ₹600.40, you can enter a sell side position with target number 1 - ₹588 and second target - ₹562 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 JITFINFRA

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

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

Tomorrow's Volume based share price Forecast for JITFINFRA

JITFINFRA'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 -29%.

Reversal detection for JITFINFRA

Predicted trend chart of JITFINFRA tomorrow for price forecast
JITFINFRA may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹581 in morning tomorrow
Target 1 tomorrow615
Target 2 tomorrow624
Target 3 tomorrow639
 

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 JITFINFRA'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 JITFINFRA opens on a positive note, our first target will be ₹625.80. If Target 1 is achieved, we will aim for Target 2 which is ₹638.50.

But if JITFINFRA falls below the average value of ₹600.40, you can enter a sell side position with target number 1 - ₹587.70 and second target - ₹562.30

JITFINFRA's Weekly Targets
1st Up Target 629.77
2nd Up Target 646.43
1st Down Target 579.77
2nd Down Target 546.43

As the week for JITFINFRA ended on bullish sentiments, we can expect further continuation of this sentiment. JITFINFRA's initial target will be 629.77 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 579.77 in the upcoming week.

Weekly OHLC Values
Open 575.00
High 613.10
Low 563.10
Close 613.10

Week for JITFINFRA started with an open price of 575.00, and the close was at 613.10. JITFINFRA reached the highest of 613.10 and dipped lowest up to 563.10 last week. This indicates a bullish sentiment for the week.

JITFINFRA full month swing targets
Monthly Up Target 1 679.77
Monthly Up Target 2 696.43
Monthly Down Target 1 529.77
Monthly Down Target 2 446.43

Targets of ₹679.77 can be expected to be reached in the coming month. Once JITFINFRA achieved this target, we can aim for the next upside target of ₹696.43.

JITFINFRA if fails to hold upside, down targets of ₹529.77 and ₹446.43 can be achieved by end of this month.

For complete three weeks if JITFINFRA 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

JITFINFRA is expected to reach the target of 625.80 in tomorrow's trading session.

After achieving the initial target in JITFINFRA, we will aim for higher targets of 638.50 tomorrow.

However, if JITFINFRA starts to trade below ₹600.40, then we will shift our focus to the sell side and aim for down targets of 587.70 and 562.30.