J K LAKSHMI : Breakout Candidate#JKLAKSHMI #breakout #stage1breakout #Trendingstock #momentumtrading
J K LAKSHMI : Swing Trade
>> Bottomed Out Stock
>> Low Valuation Stock : PE-8
>> Good Strength & Volume Buildup
>> Ready for Stage 1 Breakout
>> Low Risk High Reward Trade
Swing Traders can lock profit at 10% and keep trailing
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JKLAKSHMI
JKLAKSHMI - SWING TRADE - 28th December #stocks#JKLAKSHMI (1D TF)
Swing Trade Analysis given on 28th December, 2023
Pattern: ASCENDING TRIANGLE
- Volume Buildup at Resistance - Done ✓
- Breakout of Resistance - In Progress
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #jklakshmi
JKLAKSHMI - Ichimoku Bullish Breakout Stock Name - Britannia Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 720
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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JKLAXMI Cement: Excellent Results JKLAKSHMI JK Lakshmi Cement Ltd - Excellence results over the quarter
Let's see how chart will it performe. Need to cross 488 level to fly.
Q4FY22 Net Profit Of 184 cr
VS
Q3FY22 Net Profit Of 64 cr
Q4FY22 EPS of 15.61
VS
Q3FY22 EPS of 5.45
Explosive growth
QOQ Net Profit Growth Of 187%
Available at a current pe of 10
EWT: Bigger Picture analysis of JK Laxmi CementJK Laxmi cement has accomplished impulsive wave ((3)) and has a complex correction of wave ((4)).
After making a high of 816 , the price started forming a corrective channel for wave ((4)).
It has made a low of 529.10 , and we can see a price surge to 630.
However, the price reached the upper band of the channel, but it is facing dynamic resistance of the parallel channel.
If the price does not break the parallel channel, we will consider it a lower high(LH).
Wave (4) retraced 38.2%, which is the common retracement.
Before starting a bull trend, the price will create public participants, which can be possible after a retracement.
Retracement is nothing but a pullback for bull traders.
If the price rejects from the upper band of the channel, it can come down to 61.8- 78.6% .
After the rejection, if the price reverses from the control line trader can initiate a buy position for 580-635-678-700+
Note Safe traders should buy after the clear breakout of the parallel channel. We are not interested in buying before a new lower high, which gives a signal of demand zone.
Breaking down the control line will create a new lower low which can go up to the upper band or 50%- 61.8%.
If you hit like on this idea, you will get all updates about JK Lakshmi cement through tradingview.com from my side.
I will upload an intraday chart soon.
#RAMCOCEM CMP1024 #TARGET 1152 #RAMCOIND #ITDCEM #SHREECEM #Iot#RANCOCEM
NSE: RAMCOCEM
Short Term Quick Profit
CMP 1024.30
Target 1152
SL : 977
Timeframe < 60 Days
Can hold for longer time
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Nifty SmallCap100 - New All Time High and swift 15% Rally ahead NSE:CNXSMALLCAP
In coming weeks
Nifty Small Cap 100 may make new ATH above 9656.
From here a swift Potential Rally of 15% ahead till 10044.
Golden Cross Formation on WCB >> Very Bullish Signal
Watchlist to participate in Rally
Century Plyboards
JK Lakshmi
Kaveri Seeds
Kajaria
PNC Infra
NCC
Welspun India
#STARCEMENT CMP114.60 #Target 126.75 #Cement #Industrial #NiftyDaily Chart
#STARCEMENT
NSE: STARCEMENT
Short Term Quick Profit
CMP 114.60
Target : 126.75
SL : 109
Timeframe < 30 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections and then higher highs again.
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
JK Lakshmi- BO of Ascending Channel, at ATH, can do +40% moreNSE:JKLAKSHMI
Breakout of Ascending Channel Pattern with Huge Volume
CMP at All Time High
Possible Upside : 40%++
Next Levels : 682 & 800
SL : 450
Golden Cross Over confirmation signals very Bullish Trend Ahead
Part of the #NiftySmallCap100 Watchlist to participate in Rally
#RAMCOIND 13% $return #RAMCOCEM #ULTRACEMCO #ACC #SHREECEM #STAR#RAMCOIND
NSE:RAMCOIND
CMP: 282.50
Target: 320
Stop Loss: 254
Time Frame: Approximately 2 months.
Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher Lows.
Breakout above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Earnings report & quality strong
EPS Positive
Risk Return Ratio is healthy.
And
Rising from the Bottom to V Shaped Pattern to Flag Pattern forming
The stock might cross its all time high.
Compare with peers
NSE: ULTRACEMCO
NSE: RAMCOCEM
NSE: ACC
NSE: SHREECEM
NSE: INDIACEM
NSE: JKCEMENT
NSE: JKLAKSHMI
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia