JK LAKSHMI CEMENT already at heavy uptrend. Buy only above trendline close and see immediate target of 450 and hold for all time high. Don't rush into trade after trendline cross, as already did one fakeout before, wait for closing of atleast 15 min candle. Only for Educational purpose.
Stock has consolidated enough on important levels and looks pretty much ready to give an Inverse H&S breakout above the mentioned levels, a buy is strongly recommended with a stop-loss mentioned on charts for the respective targets. Targets may look too far away but we've seen stocks doing a stellar job and achieving their targets in no time, just chip in!!!
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
STOCK MAKES LIKE BULISH FLEG AND POLL PATTERN THEN BREK SO
WAIT.......FIRST BREK 388 LEVAL IS MAJOR STRONG REST.
STOCK BREK 390 BUY @ RETEST
STOP-360
TARGET IS 500.........
NSE:JKLAKSHMI
#JKLAKSHMI
CMP: 345.35
Target: 395 ++ {HOLD for higher UP SIDE!}
SL: 327
Time Frame: ~ 1 month
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Seems an interesting break out....still available at a price first reached 5 years back !
P.S. This is not a reco to buy but shared for review & observation from fellow expert chartists
The stock is reversing nicely from a psychological support level, 250.
The double bottom, marked in circles, is an added confirmation to bullishness.
From June, the stock has failed to break and sustain below this 250 level 3 times.
Bull sash pattern, hammers, and neutral candles, all point potential reversal in JK LAKSHMI CEMENT till 280 / 300 levels.
