Jaiprakash Associates Limited (JPASSOCIAT) Stock - Complete Technical Analysis - Sep 27, 2024

Jaiprakash Associates (JPASSOCIAT) Technical Analysis: Support, Resistance & Trading 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. Jaiprakash Associates Limited (JPASSOCIAT) is currently trading at 6.74, showcasing significant volatility and a challenging market environment. The stock is notably trading around 69.43% below its 52-week high of 27.15, reached on February 9, 2024, and 23.70% above its recent low of 6.71, which occurred on July 15, 2024.

Looking at key technical indicators, the Average Directional Index (ADX) is at 23.47, suggesting a weak trend, while the Relative Strength Index (RSI) stands at 32.92, indicating the stock is nearing oversold territory. The Stochastic Oscillator reads 0.0, further supporting the possibility of a rebound soon.

Moving averages present a bearish outlook, with the 10-day EMA at 7.96 and the 200-day EMA at 13.82, signaling a downward trajectory. The MACD is negative, reflecting weak momentum. The Awesome Oscillator is also in the negative range, confirming the bearish sentiment.

Support levels appear at around 7.0 and 6.71, which could act as crucial bounce-back points. Resistance can be identified at approximately 8.28 and the psychological level of 9.0.

Overall, traders should be cautious. Monitoring price action near support levels while keeping an eye on momentum indicators like the MACD and RSI will be essential for making informed trading decisions.