Jubilant Industries Limited (JUBLINDS) Stock - Complete Technical Analysis - Sep 13, 2024

Jubilant Industries Stock Technical Analysis Key Support & Resistance MACD, RSI & More

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.

Jubilant Industries is currently trading at 1,763, about 9% below its 52-week high, and 229% above its 52-week low, reflecting significant upward momentum in the stock. Technically, the ADX is showing strong trend strength, with the stock displaying a moderate RSI value, indicating its neither overbought nor oversold. The stock recently crossed above its 50 and 100-day EMAs, which suggests potential bullish continuation. The MACD is also positive, supporting the bullish sentiment, while the Stochastic Oscillator points towards a potential consolidation phase.

Key resistance levels can be seen near the recent highs, with the price having tested the 1,900 range. If the stock breaks this level, it may head toward the 2,000 mark, driven by momentum indicators like Awesome Oscillator and CCI, both signaling strength. On the downside, support is observed near the 1,600-1,650 range, as indicated by moving averages and key technical levels. Watch out for any breakdown below these levels as it could signal a deeper correction.

Despite the strong rally, traders should be cautious of volatility as shown by the ATR, with wide price swings likely in the short term. The stock's recent price action suggests that while bullish trends dominate, potential pullbacks can offer good re-entry points for those looking to capitalize on the ongoing trend.