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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 Ltd. - Up-Flag on Daily ChartJK Lakshmi Cement is in an uptrend. After the sharp up rally from the level of Rs.397.50 the chart went into the consolidation. The price gave an upward breakout to the consolidation on a daily candle dated 7th June 2021 and closed at Rs.572.25. The breakout has a support from increased volume. I anticipate the price target of Rs.695 . I suggest the stop loss at Rs.557. The expected risk-reward ratio is 1:8. The stop loss should be followed for the first four daily candles starting from 8th June 2021. Thereafter the profit booking/ exit decision should be based on attainment of the price target or downward crossover of 26 EMA by 5 EMA whichever is earlier. NOTE: This idea is an attempt to predict the future price movement. Investment decision based on this idea shall be solely at the risk of the investor.
NSE:JKLAKSHMILong
by ShriramN
Multi Year Breakout - Retesting DoneJK Lakshmi Cement L is involved in the business activities of Manufacture of cement, lime and plaster. The Stock Broke out of a multi Year Resistance with good volumes. The Stock corrected thereafter and retested it. The Stock is ready to bounce. Fundamentally the stock very good. has posted some robust numbers in the past quarters. EPS of the company is growing consistently. Mutual funds have also increased their stake from 16.81% to 19.36%. Insurance Companies have also increased their stake. So the stock is in demand and favored by investors. Accumulate for targets of 460-500 with SL at 390. Feel free to share your feedback and queries. The stock moved around 3% while I was posting this analysis.
NSE:JKLAKSHMILong
by mastermukund4