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technofunda_trader
Jan 8, 2022 1:41 PM

JK Lakshmi Cement ready for the uptrend!πŸ€©πŸ’ΈπŸ”₯Β Long

JK LAKSHMI CEMENTNSE

Description

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πŸ’‘OUTLOOK:
The cement demand in the country will remain buoyant backed by higher infra and housing spending by the government and robust rural and real estate demand. The company is well-positioned to grow its revenue and profitability on account of attributes such as strong position in its key markets of North and West, increasing share of value-added premium products, and strengthening the balance sheet.
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Both TECHNICALLY and FUNDAMENTALLY strong stock.πŸ’ͺπŸ’ͺ
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The stock gave a multi-year breakout and then was in the retracement phase. Now, the breakout of retracement trendline the retracement seems to come to an end & we can expect a strong rally from this level.
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πŸ’Ž@technofunda_trader⁠
Few Important rules from my Trading Philosophy:⁠
1. Buy QUALITY of stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
⁠5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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