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.
Jkcementpricetrendanalysis
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.