Short Short and Short.
Good opportunity to short JK cement.
Forming H&S formation at this levels. Neckline is breached confirming the downtrend.
Good risk to reward ration in trade.
Spot Price - 2265
Stop Loss above Neckline n closing basis.
Target 1 - 2100
Target 2 - 2050
Target 3 - 1850
@vivek_mashrani @tradingview_ @investing @Shorting
📈 J K Cement 📉
My Findings :-
1. Breakout from a Swing High.
2. Close Above March 2022 High.
Bias - Long
Target - 3183 and 3787
SL - 2192
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before...
JKCEMENT given breakout from falling wedge with volume with positive diversion in intraday
and when price meets the volume.... it gets acceleration as engine gets fuel...
chart presented for educational study of price & volume
buy around 2150 -2160 if possible or else get it with your own risk to reward ratio
target for 3-5 %
its rsi in day is deep oversold 14<
hold it gona give you a big 3-5 % and then exit wait till make a w pattern then reenter to get 5-8 %
Remember any stock in the world cannot move with slope as infinity it need's price action calculus approach
NSE:JKCEMENT Trading near major trendline support zone.
Wait for the direction of the market.
If it fails to takes the support, we can expect a good and quick fall.
if it takes the support, we can expect 3600 as first target.
Levels plotted on the chart
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives...
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