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

Jyothy Labs Limited

Symbol: NSE:JYOTHYLAB

ISIN: INE668F01031

442.95

As on 2024-05-17

200.35 (52W Low) 554.00 (52W High)

JYOTHYLAB's Today's Performance

Jyothy Labs Limited started the day by opening at 449.90 today 2024-05-17. Its shares reached a high of 451.00 and dipped to a low of 439.60 in intraday. When the markets closed, JYOTHYLAB’s stock price settled at ₹442.95 per share. Also check out its key support and resistance levels.

JYOTHYLAB Buy/Sell Targets

Tomorrow, sell JYOTHYLAB when its price reaches ₹ 442.95 with a stop-loss order at ₹ 454.13. You can set the target price as ₹ 431.78 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 JYOTHYLAB 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 JYOTHYLAB

Downside Targets Value in ₹
Tomorrow Down Target 1 449
Tomorrow Down Target 2 456
Tomorrow Down Target 3 461

Important Levels for JYOTHYLAB

Holding Levels Value in ₹
Tomorrow Up Target 1 438
Tomorrow Up Target 2 433
Tomorrow Up Target 3 427
Based on where the stock opens tomorrow, if JYOTHYLAB opens on a positive note, our first target will be ₹449. If Target 1 is achieved, we will aim for Target 2 which is ₹456.

But if JYOTHYLAB falls below the average value of ₹444.52, you can enter a sell side position with target number 1 - ₹438 and second target - ₹433 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 JYOTHYLAB

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

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

Tomorrow's Volume based share price Forecast for JYOTHYLAB

JYOTHYLAB's Volume is currently in a Decreasing 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 -16%.

Reversal detection for JYOTHYLAB

Predicted trend chart of JYOTHYLAB tomorrow for price forecast
JYOTHYLAB may trend may continue to be bearish since stock is making lower low and we can get target of ₹448 in morning tomorrow
Target 1 tomorrow449
Target 2 tomorrow452
Target 3 tomorrow456
 

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 JYOTHYLAB'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 JYOTHYLAB opens on a positive note, our first target will be ₹449.43. If Target 1 is achieved, we will aim for Target 2 which is ₹455.92.

But if JYOTHYLAB falls below the average value of ₹444.52, you can enter a sell side position with target number 1 - ₹438.03 and second target - ₹433.12

JYOTHYLAB's Weekly Targets
1st Up Target 468.55
2nd Up Target 494.15
1st Down Target 422.45
2nd Down Target 401.95

As the week for JYOTHYLAB ended on bearish sentiments, we can expect further continuation of this sentiment. JYOTHYLAB's initial target will be 468.55 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 422.45 in the upcoming week.

Weekly OHLC Values
Open 467.05
High 473.65
Low 427.55
Close 442.95

Week for JYOTHYLAB started with an open price of 467.05, and the close was at 442.95. JYOTHYLAB reached the highest of 473.65 and dipped lowest up to 427.55 last week. This indicates a bearish sentiment for the week.

JYOTHYLAB full month swing targets
Monthly Up Target 1 514.65
Monthly Up Target 2 540.25
Monthly Down Target 1 376.35
Monthly Down Target 2 309.75

Targets of ₹514.65 can be expected to be reached in the coming month. Once JYOTHYLAB achieved this target, we can aim for the next upside target of ₹540.25.

JYOTHYLAB if fails to hold upside, down targets of ₹376.35 and ₹309.75 can be achieved by end of this month.

For complete three weeks if JYOTHYLAB 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

JYOTHYLAB is expected to reach the target of 449.43 in tomorrow's trading session.

After achieving the initial target in JYOTHYLAB, we will aim for higher targets of 455.92 tomorrow.

However, if JYOTHYLAB starts to trade below ₹444.52, then we will shift our focus to the sell side and aim for down targets of 438.03 and 433.12.