SWING IDEA - JKLAKSHMI CEMENT

Jan 21

JK Lakshmi Cement, a key player in the cement industry, is currently exhibiting compelling signals that shouldn't be overlooked. In conclusion, stock's technical landscape is painting a promising picture for prospective investors.

Reasons are listed below :

• The stock has undergone multiple tests at the critical 890 levels, showcasing resilience and now displaying a promising attempt to break through.
  
• Over the past 7 weeks, stock has demonstrated robust consolidation at its all-time high, indicating a solid foundation for potential upward movement.
  
• A clear bullish trend is evident as the stock continues to establish higher highs, signifying positive momentum and growing investor confidence.
  
• The stock is currently trading above both the 50-day and 200-day EMAs, affirming the continuity of the prevailing uptrend.
  

Target - 1069 // 1158
Stoploss - weekly close below 819

Mar 5

Note

price made a high of 12%+, we can hold for our targets.

Apr 11

Trade closed: stop reached

-11.5%