JK lakshmi cement has crossed the Trendline and looks good to long here. Should move according to the resistances drawn on the chart, T1:697, T2:721, T3:746. I am not a sebi registered trader and the analysis is Purely mine. Please follow a strict stop loss of 620.
JK Lakshmi has taken support from the previous resistance area and have already given the breakout of the resistance after consolidation for few days. A good opportunity to go long. SL according to the risk appetite
Another script from the JK group following the same pattern of multi-year breakout! A 5yr resistance breakout - retest and an impulsive move.
But, have a look at the RSI, this is still strong applying break to the upside momentum of the stock. Hence, watch for a dip till weekly DZ (green box) for entering in this script.
Pivot Reversal Levels:
- Buy above...