Jagran Prakashan Limited (JAGRAN) Stock - Complete Technical Analysis - Aug 30, 2024

Jagran Prakashan Stock Analysis: Key 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. Jagran Prakashan Limited (JAGRAN) is currently trading at 96.0. The stock's technical indicators and chart patterns offer a comprehensive view of its market position.

Support and Resistance Levels:

Support Levels: 91.94 (Classic Pivot S1), 82.76 (Classic Pivot S2), 67.1 (Classic Pivot S3)

Resistance Levels: 107.6 (Classic Pivot R1), 114.08 (Classic Pivot R2), 129.74 (Classic Pivot R3)

Technical Indicators:

MACD: The MACD line is close to the signal line, indicating a neutral trend.

RSI: The RSI is around the middle, showing that the stock is neither overbought nor oversold.

ADX: The ADX suggests a weak trend with a value below 20.

Stochastic Oscillator: The stochastic %K is high, indicating potential overbought conditions.

Stochastic RSI: The Stochastic RSI is extremely high, pointing towards possible overbought conditions.

CCI: The Commodity Channel Index is high, suggesting strong upward momentum.

Awesome Oscillator: The Awesome Oscillator is negative, showing a lack of momentum in the current uptrend.

Williams Percent Range: Indicates that the stock is currently in an overbought region.

Ultimate Oscillator: This oscillator is low, suggesting a possible consolidation or reversal.

Bull Bear Power: The positive value indicates that the bulls have the upper hand.

Moving Averages:

Exponential Moving Averages (EMAs): The short-term EMAs are slightly below the long-term EMAs, which suggests a possible bearish trend reversal.

Simple Moving Averages (SMAs): The SMAs show mixed signals with some short-term averages above and some below long-term averages.

Pivot Points:

Classic Pivot: 98.42

Camarilla Pivot: 98.42

Fibonacci Pivot: 98.42

Woodie Pivot: 99.26

Chart Patterns:

Doji: The Doji pattern indicates indecision in the market with a small body and long shadows.

Bullish Harami: This pattern suggests a potential reversal with today's open and close indicating bullish potential.

Spinning Top: Indicates market indecision with a small body and long shadows.

ATR (Average True Range): The ATR shows volatility with recent values indicating a decrease in volatility.

In summary, JAGRAN's stock exhibits mixed signals. The resistance levels suggest potential areas where selling pressure might emerge, while the support levels indicate potential buying zones. The current technical indicators point towards some overbought conditions but with mixed momentum signals. Traders should monitor the stock closely around key support and resistance levels and be cautious of the potential reversal patterns.