JK CEMENT
after huge consolidation from july 2021 to november 2021 breakout & retested go long 3643
Parallel Channel Breakout & Retest
Buy Above : 3643
1st Target : 3839
Final Target : 4198
Stop Loss : 3400
the stock is having cup and handle pattern after a good breakout the stock will gain good
volume is also going up
this stock is also recomended by 2 big analyst
JKCEMENT share has been seen in consolidating range after making 4 tops it has given its breakout and then again it retested so good idea for swing traders
LTP- 3677.45
TARGETS-3800
SL-3600
1) Stock had given breakout from box pattern on 08.11.21 with huge volume
2) Since stock had retested the breakout level chances are higher for upward move from here.
3) Risk is only 20 - 25 points from CMP
4) Refer chart for levels
After almost 3 months the stock has broken out of the rectangle or channel pattern with great volumes with RSI entering super bullish territory of above 60(Acc. to unconventional RSI).
With a retest and a bullish candle on the previous resistance which now has become support this stock is ready to fly to new highs.
Moreover, sector is also bullish. Therefore, a...
Well, the stock beautifully breaks the resistance and sustains above it then retests which increase the probability of upside move.
One can look for long entry at CMP with a SL below the resistance line.
But remember one thing every trade is a 50/50. So accept the risk before enter any trade.
This is not a call. This chart is only for educational purpose. Do your...
jkcement is forming a tigh channel pattern and give a good breakout with good volume analysis. This is educational purpose before entry consult with your financial advisory.
Find the Resistance and Support,
Due to High Selling Wick in all previous swing high, we can consider it as Very Strong Resistance.
and recent price hike doesn't have any volume spike, so this time too it kiss the resistance line and would fall down.
We can go short
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Good evening friends welcome we are sharing our view on JK CEMENTS see the video for detailed analysis level to watch is 3280 till the time level is maintained we are bullish on the stock flip side also mentioned in the video.
Regards.
jk cement forming a double bottom pattern ..good time to enter after a breakout from the above trendline...also taking multiple support at 50 & 100 ema
J.K. Cement Ltd. manufactures and distributes cement. Its products include grey cement, white cement, water proof cement and wall putty. It operates through the Grey Cement, and White Cement and Allied Products segments. The company was founded by Lala kamlapat Singhania in May 1975 and is headquartered in Kanpur, India.
NSE
