jk cement witnessed ema cross over on 4hr chart. Price seems sustaining above 20 ema. Long can be initiated with recent swing low in 4hr chart
JK CEMENTS LTD The stock price is trading with positive bias with increased volume. As of now, the high of today's candle 1178 needs to be considered as immediate resistance. If the prices give a breakout and sustain above 1178, there is a chance to expand underlying positive bias further on the higher side. KEEP AN EYE!! #B+
LONG Weekly RSI > 60 and Daily RSI at 40 Stop loss at Price = 20 SMA
Please see the levels in the chart. Short Term means: 3 weeks to 3 months
keep an eye! dis:no recommendation, do due diligence before investing!
Indecision zone must be crossed with strength Requires C > 1135 H> 1196 with strength for fresh wave to continue
Enter around 1014.40
Strength candle zone in which the stock moves freely Forms a conductive zone
Demand Zone Analysis Here Daily Demand Zone is overlapping with Weekly Demand Zone. The only problem is that zone is tested many times
NSE:JKCEMENT 1.Schiff pitchfork play 2.Ichimoku kumo support 3.rsi bullish reverse divergence 4.Price action in pivot 5.Target is at resistance an fib 1.27 level also marked by ML region Disclimer... Invested... Not an investment/trading recommendation
As per my analysis..
JK Cement : Symmetrical Triangle Break out on daily chart
Currently the stock is in correction , it will make to ascending trend line , till then Short and cover on daily basis then go long
I am looking to go long once price makes to lower trend line which will have potential move of 15% on long trade Regards
Short JKCEMENT below 973 on bearish flag breakdown. T1: 955 T2: 930 T3: 875 SL: 986