Jtekt India Limited (JTEKTINDIA) Stock - Complete Technical Analysis - Nov 22, 2024

Jtekt India Technical Analysis Support, Resistance & Key Indicators NSE Stock 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. In todays analysis of Jtekt India Limited, we are seeing a stock priced at 158.30, currently down 29.86% from its 52-week high of 225.7, but still 20.02% above its 52-week low of 131.9. This gives us an idea that the stock has some room for potential movement.

Looking at the past few days, the stock has been fluctuating in the range of 155 to 163, signaling some intraday volatility. The most recent price action on November 22 shows the stock closing at 158.30, with a minor price surge, suggesting short-term momentum.

Technical indicators like the RSI are indicating that the stock could be oversold at the moment, with a reading of 34.24. This could imply a buying opportunity in the near term, but traders should be cautious due to the bearish signal from the MACD. The Average Directional Index (ADX) shows that the stock has a moderate trend, indicating that it may continue to see some choppiness.

The Exponential Moving Averages (EMA) show that the stock is trading below its short-term and long-term averages, indicating a downtrend. Resistance levels near 170.59 and support around 158.42 could be crucial for the next price action.

Volatility, as indicated by the Average True Range (ATR), has been moderate, and this suggests that sharp moves in either direction could occur. Traders should pay attention to any sudden price movements, particularly near the support and resistance levels.

In conclusion, Jtekt India Limited is showing signs of being oversold and could potentially reverse if it holds at support. The stock remains in a downtrend, but could offer trading opportunities as it approaches key levels.