Jupiter Wagons Limited - A very Short term spike expectedNSE:JWL - Technical Analysis Update 🚀📈
Current Price: ₹339.50 (as of Jan 5, 2024, 11:47 AM)
Key Indicators:
Parabolic SAR: Buy signal triggered 🟢
Moving Averages: Crossover at ₹323.20
MACD: Histogram at 1.21 (positive), MACD at 0.46, Signal at -0.76
Stochastic RSI: K at 75.55, D at 53.11 (not overbought yet)
%R: -14.14, touching upper baseline
Fisher Transform: -0.01 (Fisher), -0.59 (Trigger)
Market Outlook:
The stock shows potential for upside 📈, especially with the recent big order win.
Short-term bullish trend starting, watch for the close above ₹341.20 (critical Fibonacci 0.618 level) for confirmation.
Trading Targets:
First Target: ₹350.90 🎯
Second Target: ₹363.20 🎯 (approx. 1.0 Fibonacci level)
Caution:
High volatility expected. Enter for short-term trades 🔍.
High P/E ratio above 50. Short-term positions advised.
Keep an eye on market opening movements for further clues.
Stop Loss: ₹ 327.15 (around the key Fibonacci Levels of 0.382 - ₹ 327.40) ⛔
Conclusion:
Jupiter Wagons Limited is a promising pick in the railway wagon sector. Ideal for short-term traders looking for growth opportunities. Stay alert and trade wisely! 🌟🛤️
Disclaimer:
General Information Only: This analysis is provided as general market commentary and does not constitute investment advice. It is provided for the information purpose only.
Not a Recommendation: The information provided does not take into account your individual investment objectives, financial situation, or specific needs. It should not be relied upon as a recommendation or an offer to buy/sell or as a solicitation of an offer to buy/sell any security or financial instrument.
Accuracy and Completeness: While care has been taken in gathering the data and preparing the analysis, there is no guarantee of its accuracy or completeness.
Market Risks: Investing in the stock market involves risks, including the potential loss of principal. The value of investments and the income from them can fall as well as rise.
Past Performance: Past performance is not indicative of future results.
Personal Responsibility: Investors are advised to conduct their own independent research into individual stocks before making a purchase decision. It is important to be aware of the risks involved in stock trading.
Professional Advice: Consult a qualified financial advisor before making any investment decisions.
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Conflict of Interest Disclosure: The author declares no financial interest or benefit from the direct or indirect promotion of the stock mentioned.
