Jupiter Wagons Price Targets: A Detailed Analysis of Support and Resistance on 06-02-2025

This stock analysis for Jupiter Wagons includes several key technical indicators, including pivot points, support and resistance levels, and target points. Let's break down each component of the analysis:

1. Price Levels:

• High: 367.65 – The highest price the stock reached during the yesterday.
• Low: 355.00 – The lowest price the stock reached during the yesterday.
• Close: 356.65 – The closing price of the stock at the end of the yesterday.

These price levels give us an idea of the range the stock traded within during the day, and the Close is typically used as a reference point to determine the overall market sentiment (whether bullish or bearish).

2. Pivot Point:

• Pivot Point (PP): 359.77 – This is the central reference level used to determine the market's sentiment for the trading day. The pivot point is calculated based on the high, low, and close prices of the previous trading day. It acts as an equilibrium point:
  • If the stock is trading above the pivot point, it is typically considered bullish (uptrend).
  • If the stock is trading below the pivot point, it is considered bearish (downtrend).
  • Since the stock's Close (356.65) is slightly below the Pivot (359.77), it suggests a slightly bearish sentiment.

3. Support Levels (S1, S2, S3):

Support levels indicate the price points where the stock is likely to find buying interest if the price falls. These are potential levels where the price might "bounce" back upward.

• S1 (Support 1): 351.88 – If the price drops below the pivot point, this is the first level where support may be found.
• S2 (Support 2): 347.12 – A deeper support level if the stock continues to fall.
• S3 (Support 3): 339.23 – The lowest support level, indicating the price could find solid support here.

If the stock starts to decline, investors might expect the price to stabilize at these levels, and buying pressure could push the price back up. If these support levels break, the stock could continue to fall.

4. Resistance Levels (R1, R2, R3):

Resistance levels indicate the price points where selling pressure is likely to emerge, potentially preventing the price from rising further. These are the price points where the stock might face difficulty moving upwards.

• R1 (Resistance 1): 364.53 – If the stock rises, this is the first level where selling pressure might arise.
• R2 (Resistance 2): 372.42 – If the price surpasses R1, this would be the next resistance level.
• R3 (Resistance 3): 377.18 – The highest resistance level, indicating a potential cap on upward movement.

5. Target Points (Support & Resistance):

Target points provide a sense of the price movement expected from the current price level based on the support and resistance.

Support Level Targets:

• Target 1: 7.88 – This is the potential upward movement from the pivot point (359.77) to S1 (351.88). A possible bounce or reversal from this level might push the price up by 7.88 points.
• Target 2: 12.65 – This target represents the potential upward movement from the pivot point to S2 (347.12), suggesting the price could rise by 12.65 points if it reaches this support level.
• Target 3: 20.53 – A further potential upward movement from the pivot to S3 (339.23), with 20.53 points as the possible gain.

Resistance Level Targets:

• Target 1: 4.77 – If the price rises above the pivot point, this is the possible upward movement from the pivot to R1 (364.53), indicating a 4.77-point gain.
• Target 2: 12.65 – If the price surpasses R1, the potential rise towards R2 (372.42) is 12.65 points.
• Target 3: 17.42 – A further 17.42-point rise if the stock reaches R3 (377.18).

6. Analysis Conclusion:

• Bullish Scenario: If the stock breaks above the pivot point (359.77) and moves toward the resistance levels (R1, R2, R3), it could see potential upward movement. The targets suggest a price rise ranging from 4.77 points to 17.42 points.
• Bearish Scenario: If the stock falls below the pivot point (359.77) and approaches the support levels (S1, S2, S3), it might find support and reverse, but if those supports break, the price could continue to fall.

The current closing price of 356.65, which is below the pivot point, suggests that there might be more selling pressure in the short term. However, the pivot point, along with the support and resistance levels, can act as critical guides to watch for potential price action in the next trading session.

By using this information, traders can make informed decisions about where to place their buy or sell orders based on the expected market movement.