Jk lakshmi is forming a channel pattern and as the price is also near 200 ema at dialy tf it may take support and breakout the channel upper resistane
JK Laxmi cement has accomplished impulsive wave ((3)) and has a complex correction of wave ((4)). After making a high of 816 , the price started forming a corrective channel for wave ((4)). It has made a low of 529.10 , and we can see a price surge to 630. However, the price reached the upper band of the channel, but it is facing dynamic resistance ...
💡OUTLOOK: The cement demand in the country will remain buoyant backed by higher infra and housing spending by the government and robust rural and real estate demand. The company is well-positioned to grow its revenue and profitability on account of attributes such as strong position in its key markets of North and West, increasing share of value-added premium...
if breakout happens of this flag pattern a high risk high reward setup can be initiated.for educational purpose only
all details mentioned at chart.i am not recomend any buy or sell,just sair my view.
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.
Good result overall! This can hit the top target as well! Levels marked for the week.
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
The previous resistance zone can act as a new support zone. Long wick Doji shows good demand zone. One can go Long as soon as it breaks the 620 level.
Entry Price = 617.8 Stop Loss = 575.3 Target = 740.45 For Education Purpose Only
Go high on this one. Financial of the company are high, competition is tough but JK has always pulled itself from down. Wait for at least 15% in 2 months.
JK laxmi cement good buying in cement sector take it for 1 week R2R is good
Have a look at the levels and short if it crosses with a sl. Thank You!
Here is a related post of my previous JKL stock on a daily time frame!
Sell Half Quantity Bellow 631.35, if candle Retest the level then go full. With a SL of 652.65. R:R=1:7
Tight base formation, even though not a clean cup n handle formation looks good. Long above the line of least resistance.
stock given breakout of tight consoldation and hence cup and handle .. can be bought above 720 with sl 705 for target 768
Strong Weekly retracement indicates the Bullish momentum may continue