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Stock prints a bullish pinbar candle right at the confluence of blue channel bottom, pitchfork warning line and AVWAP...........suggest that correction is over for the stock........one can start slowly accumulating this stock
📈 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
RR- 1:2
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...
JK CEMENTS has formed a inverted CUP & HANDLE in weekly and daily timeframe.
the stock has given a close below the support zone.
which is indicating further weakness.
entry can be taken at this level with SL of 2272
we can expect target of 7 - 8% in this stock
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
@forextidings
@vivek_mashrani @tradingview_ @investing @Shorting
JKCEMENT price action is showing double bottom buy signal in demand zone. Looks good buy around 2480 -2550 zone for target of 2800,2990 and 3290 with stoploss of 2180
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.
jk cement made bottom for now
fundamentally very strong company
running at discounted price 35% down from its all time high
buy and hold for long term
good stock to invest at this point
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
Big one...
We need some conformation in Jk cement and the scrip at good demand zone,expecting 12% ROI for a swing trade.As i always say whatever we do must follow risk reward and money mangement.
JK CEMENT falling channel + strong daily trendline support if it breaks support sell it it breaks upper trendline of channel buy huge movementum on breakout stock
