Jagran Prakashan Limited (JAGRAN) Stock - Complete Technical Analysis - Sep 12, 2024

Jagran Prakashan Stock Analysis Key Support & Resistance Levels September 2024 Insights

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Jagran Prakashan Limited is currently trading at 107. Technical indicators suggest a strong bullish sentiment in the short to medium term. The stock is above key moving averages, indicating support around the 100 to 103 range. The RSI and Stochastic indicators reflect that the stock is nearing overbought conditions, which might signal a potential consolidation or minor pullback. The MACD supports a bullish trend, and the Awesome Oscillator confirms positive momentum.

Currently, the stock is significantly above its 52-week low and below its 52-week high, suggesting that it has room for potential upward movement if it maintains its current trend. The Doji and Spinning Top patterns observed recently indicate market indecision, which could mean a period of consolidation or a potential reversal. Traders should watch for key resistance around 110 to 115, and if the stock maintains above the 103 level, it could continue its bullish run. Keeping an eye on the ATR can help gauge volatility and potential price swings in the near term.