Trendline Breakout in Jai Balaji IndCan we see a strong reversal in Jai Balaji Ind?
A classic Trendline Breakout after Long Consolidation may be on the cards.
Breakout screener:
✅ RSI near 65 and rising
✅ Above EMA50
✅ Massive Volume Spurt
✅ 8+ months of consolidation
Disc: for study, not a recommendation. DYOR
6.25 INR
5.58 B INR
63.51 B INR
392.06 M
About JAI BALAJI INDUSTRIES LTD
Sector
Industry
CEO
Aditya Jajodia
Website
Headquarters
Kolkata
Founded
1999
ISIN
INE091G01026
FIGI
BBG000RFT7M5
Jai Balaji Industries Ltd. engages in the manufacture and sale of iron and steel products. Its products include sponge iron, pig iron, ductile iron pipes, ferro chrome, billet, TMT bars, coke, and sinter with captive power plant. The company was founded on July 1, 1999, and is headquartered in Kolkata, India.
Related stocks
200 Dema Touched After 1000 Days !! 🔵 Stock: JAI BALAJI (Weekly)
🔥 Support Revisit: Back to the 200 DEMA after 1000 days
A level that once acted as the launchpad.
Current structure shows an active compression trend (CT) right into this long-term dynamic support.
The chart also aligns below a major supply zone / ATH band, keeping the
JAIBALAJI - VCP Chart Pattern FormationThe stock is forming a VCP pattern, which is a bullish continuation indicator suggesting potential upside.
There is also a significant increase in volume during the handle formation, confirming buying interest.
CMP - 1152
Entry: Above ₹1,175 (breakout level).
Target 1: ₹1,300
Target 2: ₹1,400
Targe
JAI BALAJI Company has reduced debt.
Company has delivered good profit growth of 51.1% CAGR over last 5 years
Promoter holding has increased by 2.78% over last quarter.
Sponge Iron
Pig Iron
Ferro Alloys
Alloy Carbon & Mild Steel Billets
Alloy Carbon & Mild Steel Round
TMT Bars
Ductile Iron Pipes
Power
See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of JAIBALAJI is 122.74 INR — it has increased by 0.05% in the past 24 hours. Watch JAI BALAJI INDUSTRIES LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange JAI BALAJI INDUSTRIES LTD stocks are traded under the ticker JAIBALAJI.
JAIBALAJI stock has fallen by −4.13% compared to the previous week, the month change is a 18.79% rise, over the last year JAI BALAJI INDUSTRIES LTD has showed a −29.54% decrease.
We've gathered analysts' opinions on JAI BALAJI INDUSTRIES LTD future price: according to them, JAIBALAJI price has a max estimate of 133.00 INR and a min estimate of 133.00 INR. Watch JAIBALAJI chart and read a more detailed JAI BALAJI INDUSTRIES LTD stock forecast: see what analysts think of JAI BALAJI INDUSTRIES LTD and suggest that you do with its stocks.
JAIBALAJI reached its all-time high on Mar 1, 2024 with the price of 262.80 INR, and its all-time low was 0.96 INR and was reached on Nov 30, 2015. View more price dynamics on JAIBALAJI chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
JAIBALAJI stock is 3.13% volatile and has beta coefficient of 1.31. Track JAI BALAJI INDUSTRIES LTD stock price on the chart and check out the list of the most volatile stocks — is JAI BALAJI INDUSTRIES LTD there?
Today JAI BALAJI INDUSTRIES LTD has the market capitalization of 110.52 B, it has increased by 1.88% over the last week.
Yes, you can track JAI BALAJI INDUSTRIES LTD financials in yearly and quarterly reports right on TradingView.
JAI BALAJI INDUSTRIES LTD revenue for the last quarter amounts to 15.90 B INR, despite the estimated figure of 14.60 B INR. In the next quarter, revenue is expected to reach 13.40 B INR.
JAIBALAJI net income for the last quarter is 754.80 M INR, while the quarter before that showed 1.20 B INR of net income which accounts for −37.32% change. Track more JAI BALAJI INDUSTRIES LTD financial stats to get the full picture.
No, JAIBALAJI doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. JAI BALAJI INDUSTRIES LTD EBITDA is 8.67 B INR, and current EBITDA margin is 13.65%. See more stats in JAI BALAJI INDUSTRIES LTD financial statements.
Like other stocks, JAIBALAJI shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade JAI BALAJI INDUSTRIES LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So JAI BALAJI INDUSTRIES LTD technincal analysis shows the buy rating today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating JAI BALAJI INDUSTRIES LTD stock shows the neutral signal. See more of JAI BALAJI INDUSTRIES LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.