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JK LAKSHMI CEMENT LTDJK LAKSHMI CEMENT LTDJK LAKSHMI CEMENT LTD

JK LAKSHMI CEMENT LTD

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JKLAKSHMI trade ideas

JK Lakshmi Cement's price has bounced back from the weekly DZJK Lakshmi Cement's price has bounced back from the weekly demand zone (DZ), making it look like a good buying opportunity at the current market price. The last time the price touched this zone, it reached a new higher high Key Concepts: Demand Zone (DZ): A price range where buying interest is strong enough to prevent the price from falling further. This is often seen as a support area. Bounce Back: When the price moves up after hitting a support level. Higher High: A new peak in the price, higher than the previous peak, indicating an uptrend.
NSE:JKLAKSHMILong
by anuragtrivedi0302
SWING IDEA - JKLAKSHMI CEMENTJK Lakshmi Cement , a key player in the cement industry, is currently exhibiting compelling signals that shouldn't be overlooked. In conclusion, stock's technical landscape is painting a promising picture for prospective investors. Reasons are listed below : The stock has undergone multiple tests at the critical 890 levels, showcasing resilience and now displaying a promising attempt to break through. Over the past 7 weeks, stock has demonstrated robust consolidation at its all-time high, indicating a solid foundation for potential upward movement. A clear bullish trend is evident as the stock continues to establish higher highs, signifying positive momentum and growing investor confidence. The stock is currently trading above both the 50-day and 200-day EMAs, affirming the continuity of the prevailing uptrend. Target - 1069 // 1158 Stoploss - weekly close below 819
NSE:JKLAKSHMILong
by Visionary_Growth_Insights
2
Resistance Breakout, Supported by Strong Trend Line and 50 EMA1. Upper Resistance Breakout: JK Lakshmi Cement is showing signs of readiness for an upper resistance breakout, indicating potential for a bullish move. 2. Strong Support: The stock has strong support from the lower trend line, suggesting a solid foundation for a potential upward move. 3. 50 EMA Support: JK Lakshmi Cement is supported by the 50 EMA, indicating a bullish bias and potential for further upward momentum. 4. ADX and MACD: ADX is indicating a strengthening trend, while MACD is showing signs of a bullish crossover, supporting the potential breakout. 5. Volume and RSI Confirmation: Volume and RSI confirm the bullish momentum, suggesting increasing buying interest and potential for further gains.
NSE:JKLAKSHMILong
by Marketik
JK Lakshmi Cement Ltd forms bullish "Diamond Bottom" patternA bullish chart pattern known as a " Diamond Bottom " has emerged on the DAILY-CHART of JK Lakshmi Cement Ltd ( NSE:JKLAKSHMI ) . This pattern is considered a positive indicator, suggesting that the stock price could potentially increase and reach a range between 748.00 and 765.00. The pattern took shape over a period of approximately 71 days, and this duration aligns with the standard principles of technical analysis, indicating when the stock might reach the target price range. The Diamond Bottom pattern typically initiates during a downtrend, as stock prices exhibit higher highs and lower lows, forming a broadening pattern. Subsequently, the trading range begins to narrow after the peak of the highs, and the lows start showing an upward trend. The key moment occurs when the stock price breaks upward beyond the boundaries of the diamond shape. This breakout signifies a significant reversal, indicating a shift toward a new uptrend in the stock's performance. This optimistic pattern is clearly visible on the provided chart and was identified through Trading Central's specialized pattern recognition technology. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:JKLAKSHMI
by hardeepssethi
JKLAKSHMI's Anti-Shark and Bat Patterns, Potential TargetsIn this post, we will conduct a comprehensive analysis of JKLAKSHMI, focusing on the formation of the anti-shark and bat patterns on the chart. Additionally, we will consider the impact of a rumored reduction in Goods and Services Tax (GST) on cement products, which could potentially influence the stock's performance. Let's delve into the analysis and gain insights into the situation. Chart Analysis: Upon examining the provided TradingView chart for JKLAKSHMI, we can observe the formation of both the anti-shark and bat patterns. These patterns provide potential trading opportunities for investors. The bat pattern has an activation zone at 688.5, suggesting a potential bullish reversal if the price reaches this level. The first target for the bat pattern is set at 715.2, with the second target at 738. It is important to establish a stop loss at 655 to manage risk effectively. The anti-shark pattern has an entry point at 693, indicating a potential bullish reversal. The first target for the anti-shark pattern is set at 719, with the second target at 741. A stop loss at 660 is recommended to limit potential losses. Support and RSI Analysis: The daily chart of JKLAKSHMI displays a weak trendline support, further enhancing the potential significance of the anti-shark pattern. A buying price of 660, with a small stop loss of 645, is suggested for trendline traders. However, it is essential to exercise caution and ensure confirmation through other technical indicators and price action before making trading decisions. Additionally, the daily Relative Strength Index (RSI) is in the oversold zone, indicating that the stock may have been oversold and could potentially experience a rebound in the near future. While this can provide a supportive argument for the bullish case, it should be considered alongside other factors and indicators. Impact of GST Reduction Rumors: It is crucial to consider the potential impact of the rumored GST reduction on cement products. If the GST rate on cement products is reduced from 28% to 18% in the next GST meet, it could have a positive influence on cement manufacturers like JKLAKSHMI. Such a reduction could potentially lead to increased demand and improved profitability for the company, which might positively affect its stock price. Conclusion: Based on the analysis, JKLAKSHMI exhibits the formation of the anti-shark and bat patterns, which suggests potential bullish reversals. Traders should carefully monitor the price levels mentioned, along with the suggested stop losses and targets, while considering additional technical indicators and price action for confirmation. Furthermore, the rumored reduction in GST on cement products could act as a catalyst for JKLAKSHMI's stock price. Investors should stay informed about developments surrounding the GST meetings and subsequent decisions. However, it is important to note that trading and investment decisions should be made after thorough analysis and consideration of both technical and fundamental factors. It is advisable to consult with a financial advisor or conduct further research before making any financial decisions.
NSE:JKLAKSHMILong
by yaashul
Complex Inverse Head and Shoulders Breakout at JKLAKSHMI Complex Inverse Head and Shoulders #Breakout at #JKLAKSHMI (JK Lakshmi Cement Ltd) Weekly Chart. Its #Outperformed #Nifty. BSE: 500380 / NSE : JKLAKSHMI What Is the Inverse Head and Shoulders? An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs. ONLY FOR #educational NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF) #nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
NSE:JKLAKSHMILong
by Usemerr
1