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...
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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.
Regards.
JKCEMENT Long
Strong candles with good volumes
Short term resistance breakout
Buy at CMP- 3340
SL- 3220
Target- 3580, 3675
Disclaimer- We are not SEBI registered advisor.
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...
