Jubilant Ingrevia Limited (JUBLINGREA) Stock - Complete Technical Analysis - Nov 22, 2024

Jubilant Ingrevia (JUBLINGREA) Stock Analysis - Key Support & Resistance Levels

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 Ingrevia Limited (JUBLINGREA) is trading at 680.85, and its technical setup presents a mix of bullish and bearish indicators. The stock is facing resistance at the 690-700 range, and the RSI is neutral at 44.44, indicating potential for both upward and downward movement. The MACD is negative, signaling potential weakness, while the ADX is low, pointing to a lack of strong trend direction. The recent Spinning Top candlestick pattern suggests indecision in the market, as the opening and closing prices were close together.

Moving averages show that JUBLINGREA is trading below the short-term 50 and 100-day SMAs, indicating near-term pressure. However, the stock remains above the long-term 200-day SMA, which could act as support. Key support levels are near 650-660, while resistance is around the 690-700 range. If the stock manages to break through 700, it may move toward the 52-week high. Conversely, a fall below 650 could suggest further declines.

With the stock's fundamentals showing strong growth potential (solid ROE and ROCE), but its technicals signaling caution, traders should keep an eye on these key levels for any breakout or breakdown.