#JKCEMENT has shown a notable breakout on the weekly chart, accompanied by robust trading volume. Given the current price action, there is potential for the stock to reach new all-time highs.
Swing trade target🎯 of 5 % to 7% ...
Do your analysis before entry on this stock.
Note :- Education purpose only... Not an advice to buy or sell.
Thank you❤...
NSE:JKCEMENT Can we see fall for next couple of days ?
Ignore if huge gap down or gap up.
Follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
NSE:JKCEMENT Will JKCEMENT fall further before moving up ?
Ignore if huge gap down or gap up.
Follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
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...
In 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...
In the Weekly Chart of JKCEMENT ,
we can see that; it has given Cup & Handle breakout.
Let it retest.
Enter on retest at 3243 with SL as 3173 and Target as 3533.
1:4 Risk can be achieved by booking profits at 3533.
JK cement looks after breaking a falling resistance trendline on weekly chart and gives a close above so we can consider it is breakout of triangle resistance trendline and after a breakout of falling resistance trendline we can go long in it for the target of 3370 and 3522 taking stop loss of 3083 below a weekly candle close which is looking a good support...
technical 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...
Looks 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.
