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

JTL Industries Ltd

Symbol: NSE:JTLIND

ISIN: INE391J01024

214.85

As on 2024-04-12

151.68 (52W Low) 278.00 (52W High)

JTLIND's Today's Performance

JTL Industries Ltd started the day by opening at 218.50 today 2024-04-12. Its shares reached a high of 219.75 and dipped to a low of 214.05 in intraday. When the markets closed, JTLIND’s stock price settled at ₹214.85 per share. Also check out its key support and resistance levels.

JTLIND Buy/Sell Targets

Tomorrow, sell JTLIND when its price reaches ₹ 214.85 with a stop-loss order at ₹ 217.99. You can set the target price as ₹ 211.71 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 JTLIND 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 JTLIND

Resistance Levels Value in ₹
Tomorrow Resistance 1 218
Tomorrow Resistance 2 222
Tomorrow Resistance 3 224

Important Supports for JTLIND

Support Levels Value in ₹
Tomorrow Support 1 213
Tomorrow Support 2 211
Tomorrow Support 3 207
Based on where the stock opens tomorrow, if JTLIND opens on a positive note, our first target will be ₹218. If Target 1 is achieved, we will aim for Target 2 which is ₹222.

But if JTLIND falls below the average value of ₹216.22, you can enter a sell side position with target number 1 - ₹213 and second target - ₹211 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 JTLIND

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

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

Tomorrow's Volume based share price Forecast for JTLIND

JTLIND'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 -71%.

Reversal detection for JTLIND

Predicted trend chart of JTLIND tomorrow for price forecast
JTLIND may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹220 in morning tomorrow
Target 1 tomorrow218
Target 2 tomorrow220
Target 3 tomorrow222
 

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 JTLIND'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 JTLIND opens on a positive note, our first target will be ₹218.38. If Target 1 is achieved, we will aim for Target 2 which is ₹221.92.

But if JTLIND falls below the average value of ₹216.22, you can enter a sell side position with target number 1 - ₹212.68 and second target - ₹210.52

JTLIND's Weekly Targets
1st Up Target 224.60
2nd Up Target 234.35
1st Down Target 204.05
2nd Down Target 193.25

As the week for JTLIND ended on bullish sentiments, we can expect further continuation of this sentiment. JTLIND's initial target will be 224.60 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 204.05 in the upcoming week.

Weekly OHLC Values
Open 208.50
High 223.55
Low 203.00
Close 214.85

Week for JTLIND started with an open price of 208.50, and the close was at 214.85. JTLIND reached the highest of 223.55 and dipped lowest up to 203.00 last week. This indicates a bullish sentiment for the week.

JTLIND full month swing targets
Monthly Up Target 1 245.15
Monthly Up Target 2 254.90
Monthly Down Target 1 183.50
Monthly Down Target 2 152.15

Targets of ₹245.15 can be expected to be reached in the coming month. Once JTLIND achieved this target, we can aim for the next upside target of ₹254.90.

JTLIND if fails to hold upside, down targets of ₹183.50 and ₹152.15 can be achieved by end of this month.

For complete three weeks if JTLIND 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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GRASIM Grasim Industries Limited Building Materials

Summary

JTLIND is expected to reach the target of 218.38 in tomorrow's trading session.

After achieving the initial target in JTLIND, we will aim for higher targets of 221.92 tomorrow.

However, if JTLIND starts to trade below ₹216.22, then we will shift our focus to the sell side and aim for down targets of 212.68 and 210.52.