Expecting Breakout ✌✌✌This scrip is under consolidation and is expected to give breakout. So traders keep on your radar to catch the momentum and enjoy the profit.
JKLAKSHMI trade ideas
#JKLAKSHMI .. trading in Ascending Triangle .. Price is hugging the support line but volumes on buy are huge..
There can be a bullish BO here but chances are there for bearish BO too...currently the outlook is neutral ..Keep an eye and only invest after confirmation..
JK Lakshmi Cement Ltd. - Up-Flag on Daily ChartJK Lakshmi Cement is in an uptrend. After the sharp up rally from the level of Rs.397.50 the chart went into the consolidation. The price gave an upward breakout to the consolidation on a daily candle dated 7th June 2021 and closed at Rs.572.25. The breakout has a support from increased volume. I anticipate the price target of Rs.695 . I suggest the stop loss at Rs.557. The expected risk-reward ratio is 1:8. The stop loss should be followed for the first four daily candles starting from 8th June 2021. Thereafter the profit booking/ exit decision should be based on attainment of the price target or downward crossover of 26 EMA by 5 EMA whichever is earlier.
NOTE: This idea is an attempt to predict the future price movement. Investment decision based on this idea shall be solely at the risk of the investor.
$JKLAKSHMI - Clear breakout from is All time High- JKLAKSHI - Breakout from its all time high
- Formation of complex double bottom pattern
- Increase in Volumes during bullish phase
- Breakout with huge momentum candlestick
- Entry after a retest at 580-585
JK Lakshmi- BO of Ascending Channel, at ATH, can do +40% moreNSE:JKLAKSHMI
Breakout of Ascending Channel Pattern with Huge Volume
CMP at All Time High
Possible Upside : 40%++
Next Levels : 682 & 800
SL : 450
Golden Cross Over confirmation signals very Bullish Trend Ahead
Part of the #NiftySmallCap100 Watchlist to participate in Rally
Double bottom breakoutCMP: 465.8 , T: 508, SL: 422
Study :
1. double bottom breakout with good volume
2. Weekly breakout happening on weekly chart
3. Retested previous weekly breakout levels and bounced back with good volumes
JKLAKSHMI JKLAKSHMI (Weekly):- CMP 493.55 LOOKS GOOD FOR UPSIDE:)
1) Multiyear Breakout :)
2) Above 200 DMA + Volume Breakout
JK Lakshmi Cement Cmp 493.40 dated 21.5.2021JK Lakshmi Cement Cmp 493.40 dated 21.5.2021
1. Long Channel Breakout @ 493
2. Flag Pattern Flagout@ 450
3. Volume breakout.
Buy for a tgt of 580 SL 445
It is just a view, pls trade at your own risk.
A pattern you would love to trade | S01e08 | Cements booming Well, no words jus charts ...... pure analysis + cement skyrocketing ... positional trades are getting open here :)
Do trade with small risks :) good luck
Multi Year Breakout - Retesting DoneJK Lakshmi Cement L is involved in the business activities of Manufacture of cement, lime and plaster.
The Stock Broke out of a multi Year Resistance with good volumes. The Stock corrected thereafter and retested it. The Stock is ready to bounce.
Fundamentally the stock very good. has posted some robust numbers in the past quarters. EPS of the company is growing consistently. Mutual funds have also increased their stake from 16.81% to 19.36%. Insurance Companies have also increased their stake. So the stock is in demand and favored by investors.
Accumulate for targets of 460-500 with SL at 390.
Feel free to share your feedback and queries.
The stock moved around 3% while I was posting this analysis.
JKLAKSHMI CEMENT EQUITY Levels...05/04/2021 (1D Candle)😊JKLAKSHMI CEMENT EQUITY Levels...05/04/2021 (1D Candle)
Question on JKLAKSHMIStock bounced from important support.
Remain bullish till trading in Pitchfork
If u want keep a SL of close below 368
Small dips can be bought
breakout after long term consolidation and good fundamental.can be bought at CMP with SL of 355 for the target of 510 and 700
