This cement stock can be expected to move towards INR 1190 levels in wave iii of III. The stock has been maintaining its impulsive counts without much violations and is in very bullish structure. The stock was seen rising in a wave i of I from Sep-Dec 2023. Wave ii was a very shallow "FLAT"(labeled ABC) achieving a mere 23.6% retracement of the impulse, which is a...
RSI above 60 EMA in line high break support 900 JK Lakshmi Cement Ltd, a part of the JK group , is a manufacturer and supplier of Cement and related products like RMC & AAC Blocks in different states in India.
price moved up to new all time highs suggesting an impulsive move to be seen in the coming months. Also the count is a very premature one as the price can get as bullish as it could. Not much to update as of now, shall update as the chart develops. Thanks for reading!
6-Dec-2023 JK Lakshmi Cements: Inv H & S pattern on Monthly Immediate resistance at 896. Once broken it will zoom to Inv H&S neckline around 1000-1075 Once IHS pattern is broken, then target 1685 Cement Sector looks bullish. All Cement stocks on verge of BO. All of them will fly once respective Resistances / BO zones are taken down
A clear cut breakout on monthly and weekly charged with the RSI 60 and 30 above. So for what? Waiting? Relative strength also catching up. Momentum also showing up. So No chance this share will not go high. Catch it.
Unlocking Insights in JKLakshmi Stock's Chart 📈🔍: Potential Opportunities Ahead! #StockMarket #TradingStrategy GOOD W BO GOOD BO CANDLE GOOD VOLUMES GOOD RR GOOD PATTERN
The technical highlights for JK Lakshmi Cement Ltd. suggest a strong bullish sentiment and positive momentum. Here's a summary of the key signals: Price Volume: Bullish - The recent sessions show rising prices with increasing trading volume, indicating strong buying interest. High-Low: Strong Bullish - The stock is near a six-month high and has a strong uptrend,...
JK Lakshmi has good volume to break the ascending triangle range. indication are 1. strong candle in weekly 2. JK lakshmi broke 686 on BSE in close 3. buyers has good volume
Stock seems to be getting ready a move higher in wave (iii) of 3 (the most powerful move). Currently the correction in wave (ii) might have been completed as shown on the chart or could make a lower low to complete the correction. Break of wave x at 850 would add more confidence to this idea. Regardless of the shorter time frame, the stock seems to be getting...
JK Lakshmi Cement share with a current price of 617: * **Company overview:** JK Lakshmi Cement is a leading cement manufacturer in NSE:JKLAKSHMI India. The company has a strong brand presence and a wide distribution network. It also has a captive limestone mine, which gives it a cost advantage. * **Current valuation:** The current price of JK Lakshmi...
Buy above :- 800 Stop loss :- 753 Target:- 845 Time :-45 trading days Company is been setting a new benchmark in cement industry in india
buy this stock having good S zone so buy cmp TGT will be 6 %
NSE: JKLAKSHMI is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on...
The daily chart shows the stock has carved out a falling wedge, a pattern known to power fresh bull runs. Good to buy the breakout!
JK CEMENT day chart it is near at support zone can bounce from the support zone of 750 level. if price comes to this level and hold and trying to give upside then can enter with a very small stoploss. or if it breaks this support then also can enter in downside with a small stop loss.
jk lakshmi cement is broken out from its previous high level on 5th dec 2022 and after breakout candle it form 2 narrow range candle,we consider that testing candles because of low volume after testing or absorption of selling ,now it confirm uptrend with big candle with high vol
if the stock manages to break the white trend line, then target 985/994