Price and trend forecast of JYOTHYLAB for Tomorrow, Weekly, Monthly
Jyothy Labs Limited
Symbol: NSE:JYOTHYLAB
ISIN: INE668F01031
519.65
As on 2024-10-17
JYOTHYLAB's Today's Performance
Jyothy Labs Limited started the day by opening at 518.95 today 2024-10-17. Its shares reached a high of 530.90 and dipped to a low of 517.05 in intraday. When the markets closed, JYOTHYLAB’s stock price settled at ₹519.65 per share. Also check out its key support and resistance levels.
JYOTHYLAB Buy/Sell Targets
Tomorrow, buy JYOTHYLAB when its price reaches ₹ 519.65 with a stop-loss order at ₹ 512.09. You can set the target price as ₹ 527.21 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 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 | 528 |
| Tomorrow Down Target 2 | 536 |
| Tomorrow Down Target 3 | 542 |
Important Levels for JYOTHYLAB
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 514 |
| Tomorrow Up Target 2 | 509 |
| Tomorrow Up Target 3 | 500 |
Based on where the stock opens tomorrow, if JYOTHYLAB opens on a positive note, our first target will be ₹528. If Target 1 is achieved, we will aim for Target 2 which is ₹536.
But if JYOTHYLAB falls below the average value of ₹522.53, you can enter a sell side position with target number 1 - ₹514 and second target - ₹509 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 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, 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 Increasing 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
JYOTHYLAB may trend may continue to be bullish since stock is making higher highs and we can get target of ₹517 in morning tomorrow
| Target 1 tomorrow | 528 |
| Target 2 tomorrow | 531 |
| Target 3 tomorrow | 536 |
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 ₹528.02. If Target 1 is achieved, we will aim for Target 2 which is ₹536.38.
But if JYOTHYLAB falls below the average value of ₹522.53, you can enter a sell side position with target number 1 - ₹514.17 and second target - ₹508.68
JYOTHYLAB's Weekly Targets
| 1st Up Target | 531.22 |
| 2nd Up Target | 542.78 |
| 1st Down Target | 508.07 |
| 2nd Down Target | 496.48 |
As the week for JYOTHYLAB ended on bearish sentiments, we can expect further continuation of this sentiment. JYOTHYLAB's initial target will be 531.22 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 508.07 in the upcoming week.
Weekly OHLC Values
| Open | 528.10 |
| High | 531.20 |
| Low | 508.05 |
| Close | 519.65 |
Week for JYOTHYLAB started with an open price of 528.10, and the close was at 519.65. JYOTHYLAB reached the highest of 531.20 and dipped lowest up to 508.05 last week. This indicates a bearish sentiment for the week.
JYOTHYLAB full month swing targets
| Monthly Up Target 1 | 554.37 |
| Monthly Up Target 2 | 565.93 |
| Monthly Down Target 1 | 484.92 |
| Monthly Down Target 2 | 450.18 |
Targets of ₹554.37 can be expected to be reached in the coming month. Once JYOTHYLAB achieved this target, we can aim for the next upside target of ₹565.93.
JYOTHYLAB if fails to hold upside, down targets of ₹484.92 and ₹450.18 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.
Related Stocks in the Same Sector as JYOTHYLAB
| Symbol | Name | Industry |
|---|---|---|
| ITC | ITC Limited | Tobacco |
| HINDUNILVR | Hindustan Unilever Limited | Household & Personal Products |
| DMART | Avenue Supermarts Limited | Discount Stores |
| NESTLEIND | Nestle India Limited | Packaged Foods |
| VBL | Varun Beverages Limited | Beverages - Non-Alcoholic |
Summary
JYOTHYLAB is expected to reach the target of 528.02 in tomorrow's trading session.
After achieving the initial target in JYOTHYLAB, we will aim for higher targets of 536.38 tomorrow.
However, if JYOTHYLAB starts to trade below ₹522.53, then we will shift our focus to the sell side and aim for down targets of 514.17 and 508.68.