JKCEMENT - Rounding Bottom Breakout🔊 JKCEMENT - Rounding Bottom Breakout
⌛Duration - Short Term (2 month to 3 month)
📊📈 Trade Logic - Rounding Bottom Breakout
CMP - ₹4697
Time Frame - Weekly
🎯Target 1 : ₹5000
🎯Target 2 : ₹5200
🎯Target 3 : ₹5400
🛑 Stop : ₹4400
🏆 Risk/Reward Ratio (1: 2.25)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
JKCEMENT
JKCEMENT - Cup and Handle -Breakout-DailyJKCEMENT - Cup and Handle -Breakout-Daily
Name - JKCEMENT
Pattern - Cup and Handle
Timeframe - Daily
Status - Breakout
Volume - Good
Cmp - 4647
Target - 5549
SL - 4452
Crossover - JKCEMENT📊 Script: JKCEMENT
📊 Sector: Cement
📊 Industry: Cement
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD and Double Moving Averages are giving crossover .
📈 Right now RSI is around 60.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 4480
🟢 Target 🎯🏆 - 4715
⚠️ Stoploss ☠️🚫 - 4387
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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JK CEMENT POSSIBLE MASURED MOVE UP NSE:JKCEMENT
I wish you and your family a very happy Ganesh Chaturthi.
JK cement trading idea on this chart you can see the price has broken out of its downtrend resistance line and formed a FLAG TYPE range and it's consolidating around 3335.
-The recent up leg has a 0.618 Ratio retracement.
-Price is trading above its medium-term and long-term exponential moving average.
- Volume spikes are there in bullish bars
- Formed a very tight range and it could give a good breakout above 3335.
- Target is measured move Of the previous uptrend, Which is projected to 3470.
* Stop loss- Safe players can put a stop loss below the retracement and risk takers can use a stop below the First up leg which is around 3200.
Please take a reference of the chart all levels are mentioned there.
Always trade with stop loss to avoid unnecessary drawdowns in the account.
This is my analysis please comment down your view on this stock.
Keep learning.
Happy trading
JK Cement Short Term TradeIn the last three months , the level of 3138 (yellow horizontal line) has been an important support level (demand zone).
This level was broken on 16 august, but the selling pressure failed to sustain.
Overall volume in this period clearly indicates buying pressure more than selling pressure.
On a smaller time frame (2hrly) , there is a formation of small inverted H&S, neckline being the same 3138 level, Breakout of this neckline was on 24 aug, coupled with high volume.
MACD approaching the zero line from below , indicates possible crossover.
For Short Term Trade
tgt is 3273
sl is 3081
J K Cement Analysistechnical analysis of J K Cement:
-The RSI is at 53.7, which is considered neutral.
-The MACD is positive and rising, which is a bullish signal.
-The ROC is positive and rising, which is also a bullish signal.
-The 50-day moving average is at 3052.56 and the 200-day moving average is at 3138.38.
The stock is currently in a channel pattern in the daily time frame.
The price is currently moving up and could be either wave C or wave 3 of an Elliott wave pattern.
If the price continues to move up, the next target could be 4100.
It is important to note that these technical indicators are only a snapshot of the current market conditions. They can change quickly, and it is important to keep an eye on them for any changes.
fundamental data of J K Cement:
Market capitalization: ₹23,213.7 crore
EPS (TTM): ₹10.71
PE ratio (TTM): 16.07
Dividend yield (TTM): 2.05%
Revenue (FY22): ₹11,478.9 crore
Profit (FY22): ₹1,831.8 crore
Here are some additional factors that could affect the price of J K Cement:
Economic conditions: The overall health of the economy can have a significant impact on the price of stocks.
Competition: The level of competition in the cement industry can also affect the price of J K Cement.
New product development: If J K Cement is able to develop new products that are in demand, this could lead to an increase in the price of the stock.
Mergers and acquisitions: If J K Cement is involved in a merger or acquisition, this could also affect the price of the stock.
Overall, the technical indicators suggest that J K Cement is in a bullish trend. However, it is important to keep an eye on the overall market conditions and other factors that could affect the price of the stock.
JK CementLooks like the formation of rising wedge pattern on chart of JK Cement.
Most probably the price will come to trendline again for re-test and will take position there and can expect target of 2850-2700.
Cement Stocks in DANGER!🩸Attached: Custom Cement Index/ Nifty 50 Daily Chart as of 21st April 2023
(Note: The above Chart is my Custom Cement Index made up of all the F&O Cement Stocks and this is the Ratio/ Relative Strength Chart version of it, against Index Nifty 50. This gives us an idea of the Relative Strength of the Cement Stocks and used to find out whether they are likely to Outperform or Underperform.)
Observations as follows:
Price based:
- A Clear Double Top Breakdown on the Ratio Chart with Break of Support accompanied by Bearish Power Candles!🩸
- The Ratio was in a Down Trend prior to the Range that formed. Presently the Ratio has rejected from the High of the Range and can head to the Low of the Range
- If you Zoom Out on this Chart or go to the Weekly TF, a Bear Flag/ Wedge Pattern is also visible
Indicator based:
- Daily RSI is now in Oversold (below 30) territory indicating a Strong Bear
- Daily MACD which was already in Sell has crossed below the 0 line
- DMI is in Sell and ADX may start to turn up
All the above Observations signal that the Cement Stock Basket is likely to Underperform🐻/ are Potential Short Candidates📉 !
Some names that have Short Setups are: ACC, AMBUJACEM (already shared in my Related Ideas), ULTRACEMCO, GRASIM, JKCEMENT
JKCEMENT | Good for Long NSE:JKCEMENT
Cmp : 3014.5
Entry : Cmp or near 2980
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
Weekend pick -> JK CementChart -> JK Cement Weekly
Stock has formed an inverse head and shoulder in weekly time frame.
CMP: 2925
Target: 3165, 3700
Good to add: Around 2850
SL: 2727 Weekly Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
My view on JKCEMENTJKCEMENT should give trendline breakout above 3000.
JKCEMENT above 3000
Tgt 3060-3080-3100++
in very short term
Keeping on radar JKCEMENT 3000 CE
JKCEMENTJKCEMENT:- formed cup and handle pattern
keep on radar
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning
JKCEMENT looking good above 3000In this, the price formed a head and shoulders pattern at the FIB Retracement golden level of 0.618 and broke out with decent volume, now trying to continue its up move. This is the best time to take entry
[POSITIONAL] JKCEMENT Long IdeaJKCEMENT is forming a Cup and Handle Pattern. After this pattern is formed in few session it will break out of this pattern. JKCEMENT can be longed in future after break out of handle.
Entry :- 2765
SL:- 2570 (Little below the handle pattern)
Target:- 3400 / 3700
Target of 3400 should be achieved in a few months.
JK cement at the break out level.Entry only after the breakout or day closing above 2820 for the target level of 3150 with SL of 2750. The cement sector is in bullish mode. if stock is able to sustain the BO we can expect a good move. RSI above 60 again is a good sign for the stock. the volume also picking up. 5-star trade setup. This is for your educational purpose only.
J K Cement Chart Analysis !!📈 J K Cement 📉
My Findings :-
1. Breakout from a Swing High.
2. Close Above March 2022 High.
Bias - Long
Target - 3183 and 3787
SL - 2192
RR- 1:2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
JK CEMENTShort Short and Short.
Good opportunity to short JK cement.
Forming H&S formation at this levels. Neckline is breached confirming the downtrend.
Good risk to reward ration in trade.
Spot Price - 2265
Stop Loss above Neckline n closing basis.
Target 1 - 2100
Target 2 - 2050
Target 3 - 1850
@forextidings
@vivek_mashrani @tradingview_ @investing @Shorting
JKCEMENT breakout from falling wedge with volumeJKCEMENT given breakout from falling wedge with volume with positive diversion in intraday
and when price meets the volume.... it gets acceleration as engine gets fuel...
chart presented for educational study of price & volume
JK CEMENTS BULLISHWe need some conformation in Jk cement and the scrip at good demand zone,expecting 12% ROI for a swing trade.As i always say whatever we do must follow risk reward and money mangement.
JK CEMENTSNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
