NSE:JKLAKSHMI shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover
Target 2: 546.85
Target 1: 526.15.80
Stop Loss: 453.30
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and...
Stock has taken the strong support from the demand zone and closed with a good volume this week. Finally it looks like the end of the down trend and stock is ready for the uptrend.
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
Buy JK Lakshmi Cement for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡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...
JK 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 ...
💡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...
JK 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.
