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.
1. Consolidation breakout positve buying pressure stock right time 2. flug pattern breakout and expecting flug range target excute
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...
#JKCEMENT - 200EMA breakout - Trendline Breakout - Rise in Volume from the previous sessions - RSI heading towards 50. - Wait for the breakout confirmation
Good consolidation in the range of 2700-2950 The stock will give a breakout in few days Once the stock crosses 2980.. the stock will go hit 3200--2300
BUY@2760 TARGET 1 = 2925 TARGET 2 = 2970 STOP LOSS@2500
This stock is been in bullish trend since many months. After many days of consolidation it retraced from 30 sma and closed above 15 sma which shows bullish momentum to be continued. Buy above 2955, SL 2913 tgt 8 to 10 %. For educational purpose only. Kindly contact your financial advisor before entering any trade.
NSE:JKCEMENT Levels already mentioned.. Good for Swing... Appreciate our work by like, share and following.. Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views...
Breakout with nice volume. Go long on with SL of 2330 for the target of 2565/2600
Excellent formation in JK Cement. Cup and handle formed just few points away from the all time high. Good thing is Feb has seen volume buildup. Monday we have Q3 results....and hopefully it will crack everything.... Ready for big momentum.