JITF Infralogistics Limited (JITFINFRA) Stock - Complete Technical Analysis - Sep 02, 2024

JITF Infralogistics Stock Analysis: Support, Resistance

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.

JITF Infralogistics Limited's stock, trading at 1000, presents a complex technical picture. The P/E ratio of 54.1 suggests that the stock might be expensive relative to its earnings.

The immediate support levels are found around 983.97 and 1017.59, while resistance is observed near 1118.48 and 1250.52. The Average Directional Index (ADX) at 27.08 indicates a strong trend, and the stock's recent price action suggests bullish momentum.

The Relative Strength Index (RSI) at 46.51 is approaching neutral territory, suggesting neither overbought nor oversold conditions. The MACD is showing strong bullish signals, and the Awesome Oscillator confirms a positive momentum. However, the Commodity Channel Index (CCI) is relatively low, indicating that the stock may be in an oversold condition.

The Exponential Moving Averages (EMA) and Simple Moving Averages (SMA) suggest the stock is trading below several key averages, with the price well below the 10-day EMA of 1085.49 but above the longer-term averages, hinting at a potential support zone.

Pivot points reveal that the stock is currently trading close to the Classic and Fibonacci pivot points, suggesting potential key support around 1049.33 and resistance near 1250.52. The Camarilla pivots also suggest the stock is hovering near the upper support level, indicating possible consolidation.

The Average True Range (ATR) shows increased volatility, reflecting the stock's potential for larger price swings. The Stochastic %K and Stochastic RSI indicate a potential reversal, with the Stochastic RSI suggesting extreme conditions.

Overall, JITF Infralogistics Limited's stock is in a strong uptrend with bullish technical indicators, but traders should watch key support and resistance levels closely for potential breakout or pullback opportunities.