Jash Engineering Limited (JASH) Stock - Complete Technical Analysis - Aug 30, 2024

Jash Engineering (JASH) Stock Analysis: Bearish Trends

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. Let's dive into the technical analysis for Jash Engineering Limited (JASH).

Currently, the stock is trading at 2,083, which is about 21.10% below its 52-week high of 2,640 and 66.50% above its 52-week low of 1,251.

Support and Resistance Levels:

Classic Pivot Points: The primary support is at 2,118.43, with additional supports at 1,705.37 and 1,031.52. Resistance levels are at 2,379.22 (pivot), 2,792.28, 3,053.07, and 3,726.92.

Camarilla Pivot Points: The main support is at 2,469.73, with additional supports at 2,407.96 and 2,346.19. Resistance levels are at 2,593.27, 2,655.04, and 2,716.81.

Fibonacci Pivot Points: Support is at 2,121.81, with additional levels at 1,962.78 and 1,705.37. Resistance levels are at 2,636.63, 2,795.66, and 3,053.07.

Woodie Pivot Points: The key support is at 2,194.57, with additional supports at 1,743.44 and 1,520.73. Resistance levels are at 2,868.43, 3,091.14, and 3,542.27.

Moving Averages:

Exponential Moving Averages (EMAs): The current price is below the 10-day EMA (2,193.02), 20-day EMA (2,244.67), and 50-day EMA (2,245.26), but above the 100-day EMA (2,147.6) and 200-day EMA (1,934.2).

Simple Moving Averages (SMAs): The stock is trading below the 10-day SMA (2,204.38) and 20-day SMA (2,298.02), but above the 50-day SMA (2,252.96) and 100-day SMA (2,172.87). The 200-day SMA is at 1,887.42.

Ichimoku Base Line: Currently at 2,350.5.

Technical Indicators:

MACD: Currently negative, indicating a bearish trend.

RSI: At 35.63, signaling that the stock is in the oversold region.

Stochastic %K: Very low at 11.95, suggesting potential for an upward reversal.

Stochastic RSI: Also low at 10.86, reinforcing oversold conditions.

ADX: At 20.12, showing a weak trend.

Commodity Channel Index (CCI): Strongly negative at -142.17, indicating that the stock is oversold.

Awesome Oscillator: Negative at -138.89, suggesting bearish momentum.

Williams %R: At -94.36, indicating an oversold condition.

Bull Bear Power: Negative at -203.82, showing bearish power.

Ultimate Oscillator: At 30.16, suggesting that the stock might be oversold.

Other Observations:

Volume Weighted Moving Average (VWMA): At 2,292.87.

Hull Moving Average (HMA): At 2,109.85.

Average True Range (ATR): Shows volatility with a recent average around 164.53.

Overall, Jash Engineering Limited (JASH) is currently in a bearish trend with multiple indicators suggesting oversold conditions. Traders should monitor the key support levels around 2,118 and the resistance levels at 2,379 for potential breakouts or reversals.