JKCEMENT Long
Strong candles with good volumes
Short term resistance breakout
Buy at CMP- 3340
SL- 3220
Target- 3580, 3675
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Charts and views are only for educational purpose.
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
Market Cap
₹ 24,792 Cr.
Current Price
₹ 3,208
High / Low
₹ 3,700 / 1,535
Stock P/E
29.2
Book Value
₹ 484
Dividend Yield
0.47 %
ROCE
20.0 %
ROE
21.0 %
Face Value
₹ 10.0
its showing bullish engalfing pattern.it volume is also expand.it gives high return upto10to15 %
return in short term.catch the momentum and take a profit.
buy above 3300 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If...
buy above 3220 in intraday or safe buy above swing high 3300
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical...
JK Cement giving a sensational breakout at 3000 levels. This is crossed after a long consolidation started in February. I speculate a good move of 300 points on the upside in a few weeks. A good risk reward trade with a small stop loss below 3000. Buy on corrections.
Kindly note, this is not a recommendation. Only an analysis.
JK Cement moving in box pattern. Volumes have gone up significantly. After consolidating for more than 3 months, this looks good for upmove. Relative Strength is close to 0 line providing great R:R. Also weekly candle close is looking very good.
Targets could be 3300 and 3500 in short term and 4500-5000 in medium term.
The formation of triangle pattern can be seen clearly, wait for breakout and conformation( based on the breakout momentum, if possible) in any direction to take position accordingly. The stock is already trading in high price zone as compared to the historic price and the breakout at the upper trendline can lead it to test the all time high and beyond. The...
