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 📉
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...
JK cement has given upside breakout from a descending channel and retested making it bullish.
#positional
Buy it above 1920
Tgt: 1944, 1974
Sl: 1898
Time frame: 3-4 days
NSE:JKCEMENT
1.Schiff pitchfork play
2.Ichimoku kumo support
3.rsi bullish reverse divergence
4.Price action in pivot
5.Target is at resistance an fib 1.27 level also marked by ML region
Disclimer... Invested... Not an investment/trading recommendation
