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

Jaiprakash Power Ventures Limited

Symbol: NSE:JPPOWER

ISIN: INE351F01018

20.05

As on 2024-05-27

5.60 (52W Low) 24.00 (52W High)

JPPOWER's Today's Performance

Jaiprakash Power Ventures Limited started the day by opening at 20.90 today 2024-05-27. Its shares reached a high of 21.10 and dipped to a low of 19.90 in intraday. When the markets closed, JPPOWER’s stock price settled at ₹20.05 per share. Also check out its key support and resistance levels.

JPPOWER Buy/Sell Targets

Tomorrow, sell JPPOWER when its price reaches ₹ 20.05 with a stop-loss order at ₹ 20.55. You can set the target price as ₹ 19.55 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 JPPOWER 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 JPPOWER

Downside Targets Value in ₹
Tomorrow Down Target 1 21
Tomorrow Down Target 2 22
Tomorrow Down Target 3 22

Important Levels for JPPOWER

Holding Levels Value in ₹
Tomorrow Up Target 1 20
Tomorrow Up Target 2 19
Tomorrow Up Target 3 18
Based on where the stock opens tomorrow, if JPPOWER opens on a positive note, our first target will be ₹21. If Target 1 is achieved, we will aim for Target 2 which is ₹22.

But if JPPOWER falls below the average value of ₹20.35, you can enter a sell side position with target number 1 - ₹20 and second target - ₹19 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 JPPOWER

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

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

Tomorrow's Volume based share price Forecast for JPPOWER

JPPOWER'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 62%.

Reversal detection for JPPOWER

Predicted trend chart of JPPOWER tomorrow for price forecast
JPPOWER may trend may continue to be bearish since stock is making lower low and we can get target of ₹20 in morning tomorrow
Target 1 tomorrow21
Target 2 tomorrow21
Target 3 tomorrow22
 

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 JPPOWER'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 JPPOWER opens on a positive note, our first target will be ₹20.80. If Target 1 is achieved, we will aim for Target 2 which is ₹21.55.

But if JPPOWER falls below the average value of ₹20.35, you can enter a sell side position with target number 1 - ₹19.60 and second target - ₹19.15

JPPOWER's Weekly Targets
1st Up Target 20.80
2nd Up Target 21.55
1st Down Target 19.60
2nd Down Target 19.15

As the week for JPPOWER ended on bearish sentiments, we can expect further continuation of this sentiment. JPPOWER's initial target will be 20.80 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 19.60 in the upcoming week.

Weekly OHLC Values
Open 20.90
High 21.10
Low 19.90
Close 20.05

Week for JPPOWER started with an open price of 20.90, and the close was at 20.05. JPPOWER reached the highest of 21.10 and dipped lowest up to 19.90 last week. This indicates a bearish sentiment for the week.

JPPOWER full month swing targets
Monthly Up Target 1 22.00
Monthly Up Target 2 22.75
Monthly Down Target 1 18.40
Monthly Down Target 2 16.75

Targets of ₹22.00 can be expected to be reached in the coming month. Once JPPOWER achieved this target, we can aim for the next upside target of ₹22.75.

JPPOWER if fails to hold upside, down targets of ₹18.40 and ₹16.75 can be achieved by end of this month.

For complete three weeks if JPPOWER 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 JPPOWER

Symbol Name Industry
NTPC NTPC Limited Utilities - Regulated Electric
ADANIGREEN Adani Green Energy Limited Utilities - Renewable
POWERGRID Power Grid Corporation of India Limited Utilities - Regulated Electric
ADANIPOWER Adani Power Limited Utilities - Independent Power Producers
TATAPOWER Tata Power Company Limited Utilities - Independent Power Producers

Summary

JPPOWER is expected to reach the target of 20.80 in tomorrow's trading session.

After achieving the initial target in JPPOWER, we will aim for higher targets of 21.55 tomorrow.

However, if JPPOWER starts to trade below ₹20.35, then we will shift our focus to the sell side and aim for down targets of 19.60 and 19.15.