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Jklakshmicement

SWING IDEA - JKLAKSHMI CEMENTJK 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
NSE:JKLAKSHMILong
by Visionary_Growth_Insights
2
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 I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:JKLAKSHMILong
by nikunjbhadja
JK Lakshmi Cement ready for the uptrend!🤩💸🔥Buy JK Lakshmi Cement for Positional Trading as well as Investment.💸🔥💸 Comment your views‼️😄 . 💡Capacity expansion to take care of growth: JKLC’s subsidiary, UCWL’s capacity expansion of 2.5MT with a CAPEX of Rs16bn is planned to be commissioned by end of FY24. The funding for the expansion will be through Debt-Equity (70%:30%) and the subsidiary will raise equity through equity infusion from JKLC. The company will spend ~Rs.2bn in FY22 and ~Rs.10bn in FY23. JKLC’s current gross debt stands at Rs.10.78bn & Net debt at Rs.4.14bn (reduced from Rs.21bn in FY17). Debt repayment scheduled for FY22 is ~Rs.330cr. . 💡Valuation & Outlook: The demand outlook is positive given GoI’s strong focus on infra & Housing. The expansion of 2.5MT will support future growth. . ✔️ Technically & Fundamentally Strong💪💪 . 💎@technofunda_trader⁠ Few Important rules from my Trading Philosophy:⁠ 1. Don't compromise on the quality of stock. 2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues. 3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%. 4. Build position gradually as the stock rises. ⁠5. Trade in the direction of the bigger trend. 6. Ride the trend, don't sell your winners early. . Like, Comment & Share 😄😄😄
NSE:JKLAKSHMILong
by technofunda_trader
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.
NSE:JKLAKSHMI
by forextidings
3