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...
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
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...
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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.
Strong candles with good volumes
Short term resistance breakout
Buy at CMP- 3340
Target- 3580, 3675
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.