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.
this chart analysis is only for educational purposes stop loss - 1778
NSE:JKCEMENT LOOKING GOOD ROUNDING BOTTOM & BULLISH BREAKOUT 2200 BUY RANGE 2165-2200 UNTIL 2050 STOPLOSS 2000 TARGET 2400-2600-2800-3000+ POSITIONAL CALL
Hi, Inverse Head and Shoulder pattern is formed on JK Cement in 15 Minute Time frame. Neckline broke with Heavy Volume . We can go long above 1950 for target 2200 and stop loss below 1850. This is for study purpose.
HOW TO FOLLOW ALGO SIGNAL: Deciding buy/sell 1.Strictly use only on 1 hour time frame. 2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity. Taking a position: 3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
Preparing second round pole flag formation and getting ready for consolidating for BO Targets are given and long term final Target 2500
JK cement has given upside breakout from a descending channel and retested making it bullish. #positional Buy it above 1920 Tgt: 1944, 1974 Sl: 1898 Time frame: 3-4 days
IT WILL BE GO DOWN AND TOUCH 1510-1530 LEVEL IN 2 WEEKS AFTER THAT IT WILL GO HIGH AND TOUCH 1950
Disclaimer: Analysis for education purpose only. Seek financial advisor before making any decision.
BUY IN DIPS NOW 1556.35 SL 1410 TARGET 1750 1800 Over the last 5 years, net income has grown at a yearly rate of 28.15%, vs industry avg of 21.24% Stock has been generating better return on equity than bank FD Good time to consider, as stock is not in overbought zone In last 3 months, foreign institutional holding of the company has increased by 1.03%
JK Cement a. Zone: Weak Bull b. Resistance 1: 1552.35 c. Resistance 2: 1575.85 d. Support 1: 1505.25 e. Support 2: 1466.05 NSE:JKCEMENT