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Technicals for Jai Balaji Industries Limited
By MusingTheNews
2025-06-13 20:41
Overall Technical outlook
Price Summary
On 2025-06-13, Jai Balaji Industries Limited's stock began at 102.7, peaked at 103.24, declined to 100.86, and ended the day -1.25% down at 101.42, with 604522 shares traded. The highest price the stock achieved in the past 52 weeks is 231.91, while the lowest price it saw is 101.42.
Technicals
Aroon: Aroon's bearish trend persists, with Aroon Down staying at the 100 level. This consistent bearish momentum suggests further declines, but a more detailed analysis using other indicators is necessary to confirm the trend's future direction. Aroon chart for Jai Balaji Industries Limited
Bol. Bands: The price has crossed below the lower Bollinger Band, indicating a potential oversold condition in the market. This downward movement suggests that selling pressure has been strong enough to push prices below a critical support level. While the breach could mean the bearish trend will continue, it also raises the possibility of a reversal if buyers step in at these lower levels. Bolinger Bands chart for Jai Balaji Industries Limited
Parabolic SAR: The PSAR remains in a bearish mode, setting a strong resistance level that could impede any upward trends. This resistance indicates that the market may struggle to break higher, reflecting ongoing bearish sentiment for JAIBALAJI. Parabolic Stop and Reverse chart for Jai Balaji Industries Limited
Stochastic: The STOCHASTIC is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Stochastic chart for Jai Balaji Industries Limited
Tripple Moving Agerage: The alignment of the 20-50-100 period moving averages suggests a bullish trend, but the potential for a reversal is hinted at by the slopes of the shorter-term averages. These faster-moving averages show signs of weakening momentum, indicating that while the overall trend is still upward, a reversal could be approaching. Tripple SMA chart for Jai Balaji Industries Limited
Understanding a company's fundamentals—such as revenue, earnings, and debt levels—provides a solid foundation for analyzing its technical performance. Similarly, knowledge of the industry, including key competitors and market trends, is critical. Combining this fundamental analysis with technical indicators like stock charts, moving averages, and trading volume enables a more comprehensive approach to evaluating the company's overall health and potential future performance.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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