JTLIND trade ideas
JTL INDUGood upside potential , on a major resistance & institutions aa active retailer will book profit & generate liquidity intrusions buy price will shoot up
Technical Analysis of JTL Industries Ltd - Must Read AnalysisTechnical Analysis of JTL Industries Ltd
Overview of the Stock - The chart presents a technical analysis of JTL Industries Ltd. on the 1-hour timeframe. It employs various technical indicators, including:
Technical Analysis of the Stock
Current Scenario: - The price is currently trading below the 200 EMA, suggesting a potential bearish trend. The price is within a consolidation zone between 201 and 234.30.
Immediate support is at the 0.5 Fibonacci level (around 207.58). Immediate resistance is at the 0.618 Fibonacci level (around 224.79).
Potential Trading Strategies: - Based on the chart, here are some potential trading strategies:
Breakout Strategy: - If the price breaks above the consolidation zone (234.30) with strong volume, it could signal a bullish trend. Targets could be set at the 0.786 Fibonacci level (around 249.30) and the Target Zone (271 to 288). A stop-loss can be placed below the breakout level.
Breakout to the Downside: - If the price breaks below the consolidation zone (201) with strong volume, it could signal a bearish trend. Targets could be set at the 0.382 Fibonacci level (around 190.36) and lower. A stop-loss can be placed above the breakout level.
Range-Bound Trading: - Given the current consolidation, traders might consider intraday trading within the range. Buying near the lower end of the range (around 201) with a target towards the upper end (around 234.30) and vice versa.
Remember , this analysis is based on historical data and past performance is not indicative of future results. It's crucial to conduct your own research and consider other factors before making trading decisions.
Disclaimer : This analysis is based solely on the provided chart and does not constitute financial advice. It's essential to conduct thorough research and consider multiple factors before making investment decisions.
Thanks for your support as always
JTLIND - JTL INDUSTRIES LTD - Buy on Breakout (Strongly Bullish)Technical Analysis of JTL INDUSTRIES LTD (JTLIND)
Overview of the Stock:- The chart presents the historical price movement of JTL INDUSTRIES LTD on the National Stock Exchange (NSE) on an hourly (1H) timeframe. Key indicators include:
Price: Current price is 211.00, down -1.40 (-0.66%) from the previous close.
High and Low : Today's high is 212.49, and the low is 210.84.
EMA (200, high): A 200-period Exponential Moving Average based on highs, currently at 221.27.
RSI (14, high): Relative Strength Index based on 14-period highs, currently at 27.42.
Price Action Analysis:- The stock has been in a consolidation phase since April 2024, trading within a range of 201 to 234.30. The current price is below the 200-period EMA, indicating potential bearish momentum. The RSI value of 27.42 suggests the stock is in oversold territory, which could indicate a potential reversal or bounce back.
Key Levels:
Resistance: The immediate resistance level is around 234.30, which is the upper boundary of the consolidation zone.
Support: The immediate support level is around 201, which is the lower boundary of the consolidation zone.
Potential Outlook:
Short Term: There's a possibility of a short-term bounce due to the oversold RSI. However, the price needs to break above the consolidation zone to confirm a bullish reversal.
Long Term: The overall trend remains neutral until the stock breaks out of the consolidation zone. A break above 234.30 would signal a bullish breakout, while a break below 201 would indicate a bearish breakdown.
Disclaimer: This analysis is based solely on the provided chart and does not constitute financial advice. It's crucial to conduct thorough research and consider multiple factors before making investment decisions as I am not SEBI registered person to suggest any stock and this is my personal opinion on the basis of technical analysis
Thanks for your support as always
JTL INDUSTRIES CASE STUDY FOR RETEST Whenever greatest word comes the simple think trader things that the price is going in vertical direction and it is coming down support the zone is to be
the above example is the best example for structure retest
the price was falling very sharply with only two candles in weekly time frame but after reaching to the main support which is to be written as zone of structure will be playing a important role in that
so if you look why the zone is called as a retail zone because earlier part four times price got rejected and then after it broke the zone
now the same thing of taking support after 3 to 4 weekly candles and price is bouncing back
JTL INDIA | Competitor for APL Apollo Tubes JTL India looking impressive
If it breaks 252-253 levels then we can have a quick momentum gain in next 1-2 days
Disclaimer: Views are personal and not buy/sell recommendations
Not SEBI registered. Consult your advisor bedore investing
Techno Funda analysis of JTL Industries LimitedTechno Funda analysis of JTL Industries Limited
According to the company website this organization is one the largest producer of Electric Resistance Welded (ERW) steel pipes including one of the largest section pipe & tube manufacturers in India, with a capacity to produce more than 6 Lakh Metric Tones per annum. It caters extensively to the region and exports to various countries globally. The company’s vast distribution network is spread across India, having branch offices in Delhi, Mumbai & Chandigarh, making it one of the leading GI pipe manufacturers in India.
Fundamental Analysis This stock is currently trading at 213, with all time high at 229. PE- 34.8, Book Value- 24.1, ROCE-34.6 and ROE 30.1. Providing a proper CAGR of nearly 62% over last 5 years, and medium sales growth of 19% in last 10 years.
Comparing to it’s peer’s PE is some extant in higher side, with lower dividend yield. Sectorial PE is 22.19 and PB 2.95, which is lower compare to this counter.
Net cash flow is incremental, and promoter holding is increasing in last three quarters, with 56.2 % promoter holding, .72 and .7 % with FII and DII, and rest with retailers.
So fundamentally this stock is okey to start investing, with lower quantities with a scope of accumulation later on after price correction.
Technical analysis- On monthly time frame- RSI is at 80, which is alarming, and a proper correction can be expected which reflects in lower time frame, where it started showing some corrective nature. And obviously stock is trading way above its standard medians.
Proper price for buying- For investing purpose- we can start adding this stock to our portfolio, with a very limited quantity, with no hope of profit in recent future, later on we may accumulate it further at 197, 180 and later at 153 if price touches these levels, after of course proper verification of the reason of fall.
*Personal opinion, not an advice*
JTLIND showing some strength!!!The stock has offered a lot to its investors till now!
It has been moving quietly taking support between 100ema and 200ema!
A event is coming up for the company and we can expect for some positive moves!
The range is between 285-350!
Hence, you already know my stoploss!
Will be targeting 400 if the range is broken and will trail sl further for 0.786 fibo levels!
Long in it!!!
High probablity entry may arise in JTL Infra LtdGo long if it breaks the resistance level marked. keep trailing Stoploss.
