Jupiter Wagons Limited (JWL) Stock - Complete Technical Analysis - Nov 29, 2024

Jupiter Wagons Limited (JWL) Stock Analysis Key Support & Resistance Levels Technical 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. Jupiter Wagons Limited (JWL) stock is currently trading at 490.75, showcasing a neutral trend with some bearish signals. With a PE ratio of 57, it seems relatively expensive considering its book value of 60.3. Strong fundamentals like ROCE (31.7%) and ROE (27.4%) highlight its profitability, but traders should be cautious given the price action.

Technically, the Relative Strength Index (RSI) sits at 55.06, signaling neutral momentum, while the Average Directional Index (ADX) of 24.67 suggests a trend but not a strong one. The MACD is negative, and the Awesome Oscillator also shows bearish signals. With an ATR value that has been decreasing, volatility appears to be subdued, suggesting limited price swings in the short term.

Key support levels to monitor include the 464.77 mark, with resistance sitting near the 200-day moving average at 504.44. Short-term traders should pay attention to price action around these levels. If the stock holds above the 50-day exponential moving average of 491.77, a potential rally could target the 520-550 range. Conversely, a drop below support could indicate further downside.

JWL remains an interesting stock for traders to watch, balancing strong fundamentals with mixed technical signals. Be cautious, as short-term price action indicates the stock may face resistance, but long-term growth potential is promising.