head and shoulder patternhead and shoulder pattern occurred at R zone .
go long if Green candle closes above R zone.
use super trend for entry confirmation.
JKLAKSHMI trade ideas
standing in storm - stock holding position at market sell offwhen stock don't flow with market sell and just consolidate
it will became horse of race when market turnaround.
JK LAKSHMI CEMENT making channelJK LAKSHMI CEMENT is making channel at daily tf with 200 ema as its support a must watch case for beginners
JK LAKSHMI FORMING A CHANNEL PATTERN Jk lakshmi is forming a channel pattern and as the price is also near 200 ema at dialy tf it may take support and breakout the channel upper resistane
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.
JK Lakshmi Cement ready for the uptrend!🤩💸🔥💡OUTLOOK:
The cement demand in the country will remain buoyant backed by higher infra and housing spending by the government and robust rural and real estate demand. The company is well-positioned to grow its revenue and profitability on account of attributes such as strong position in its key markets of North and West, increasing share of value-added premium products, and strengthening the balance sheet.
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Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
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The stock gave a multi-year breakout and then was in the retracement phase. Now, the breakout of retracement trendline the retracement seems to come to an end & we can expect a strong rally from this level.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY of stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
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.
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LIKE, COMMENT & SHARE 😄😄😄
high risk high reward in JK LAXMIif breakout happens of this flag pattern a high risk high reward setup can be initiated.for educational purpose only
JK lakshmi Cement Looks good hereJK lakshmi cement has crossed the Trendline and looks good to long here. Should move according to the resistances drawn on the chart, T1:697, T2:721, T3:746. I am not a sebi registered trader and the analysis is Purely mine. Please follow a strict stop loss of 620.
JK Lakshmi breakout of resistanceJK Lakshmi has taken support from the previous resistance area and have already given the breakout of the resistance after consolidation for few days. A good opportunity to go long. SL according to the risk appetite
JK Lakshmi for LONGThe previous resistance zone can act as a new support zone. Long wick Doji shows good demand zone. One can go Long as soon as it breaks the 620 level.
JKLAKHMI - Bullish BATEntry Price = 617.8
Stop Loss = 575.3
Target = 740.45
For Education Purpose Only
JK Lakhsmi CementGo high on this one. Financial of the company are high, competition is tough but JK has always pulled itself from down.
Wait for at least 15% in 2 months.
JK laxmi cement Break out Swing TradeJK laxmi cement good buying in cement sector
take it for 1 week
R2R is good
jklakshmi cem 29/09/21 intradyHave a look at the levels and short if it crosses with a sl.
Thank You!
JK LAKSHMI CEMENT (INTRADY SHORT)Sell Half Quantity Bellow 631.35, if candle Retest the level then go full.
With a SL of 652.65.
R:R=1:7
tight baseTight base formation, even though not a clean cup n handle formation looks good. Long above the line of least resistance.
Cup and Handlestock given breakout of tight consoldation and hence cup and handle ..
can be bought above 720 with sl 705 for target 768
JK Lakshmi Cement (1W)Another script from the JK group following the same pattern of multi-year breakout! A 5yr resistance breakout - retest and an impulsive move.
But, have a look at the RSI, this is still strong applying break to the upside momentum of the stock. Hence, watch for a dip till weekly DZ (green box) for entering in this script.
Pivot Reversal Levels:
- Buy above 727.70
- Sell below 656.20
Rising Trendline JK Laxmi CementRising Trendline Breakout seems plausible.
( Analysis is for Educational Purpose Only)
JK Laxmi Cement - In Open skyCement sector is on good uptrend.. JK Laxmi cement can show a good upside from here now
