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.
Jtekt India Limited (JTEKTINDIA) is currently trading at 168.99, sitting 25.13% below its 52-week high and 34.07% above its 52-week low. The market shows signs of a potential bullish reversal, supported by a Morning Star pattern and a Bullish Engulfing formation. The RSI indicates a mildly oversold condition, while the MACD suggests bearish momentum. However, the Average Directional Index signals a strengthening trend, which could provide opportunities for traders. Key support is identified around 165, while resistance appears at 175. Monitoring these levels will be essential for capturing potential upward movement.
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