Panchalk

15% move?

Long
Panchalk Updated   
NSE:JKCEMENT   JK CEMENTS LTD
IF JK Cements starts moving up the wedge targets can be achieved..the market has been choppy in last few sessions so let us see how it pans out, but let us be optimistic..Please trade with SL. This is an idea, not a recommendation
Comment:
I am also hopeful because of the last candle - see the long wick at the bottom..a positive sign..of course nobody knows how the market is going to behave.
Comment:
JK cements has already moved up the channel and is near upper channel line, since plotting this chart - from 3103 to 3440...337 points which is great...let us see if it falls back into the channel or breaks out now..
Comment:
Target 1 almost there....15% move done...in fact it has BO'd from wedge and moved up
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