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.
Wait for breakout and confirmation
Area around 2981 is resistance zone (price near resistance)
Higher volumes on upward movements indicates possible breakout
If breakout , tgt is 3218 and SL is 2813
JKCEMENTS' weekly symmetrical triangle breakout is with day bullish. If it sustains above 3103 in the day chart it will reach the first target of 3247 and next 3382 and 3650
JK CEMENT 1HTF taking good support at the trendline
Look at 1hour candle close and enter
Very less stoploss
Good risk reward
If it breaks down short it right away
Plan accordingly
JKCEMENT has formed triangle pattern.
Breakdown below the trendline is expected and the target is coming to 2945-2940 levels in 1-2 days.
SL: 5 min candle above 2930.
Good chart
Stock in a continous up move and closed in green for 5 trading session.
Target 3030/3150
Stop loss 2950
I am just representing my views.
For educational purpose only.
JK Cements
✓ Entry Given on 28th & 29th March
✓ Target Achieved on: 29th March
✓ Achieved Target - 1.83% within 2 Days
✓ R:R = 1:4
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Analysis Criteria Used:
1. Please find the Chart Analysis done for the 28th March, 2023
2. The analysis for the Intraday Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to...
Jkcement closing 2802.95 and create the "Double Bottom" or "W" pattern and both pattern breakout done and now in upperside targets are 2976-3145 with stoploss 2750.
JKCEMENT
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Breakout of Bullish flag Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2980+.
✅Can Go short in this stock by placing a stop loss below 2715-.
✅breakout this can give risk:reward upto 1:4+.
JKCEMENT
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Reversal of Symmetrical triangle Pattern .
✅ It can give movement upto the Reversal target of above 2991+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 3230+ .
