barefootTrades

JK Lakshmi Cement - long term bullish

Long
NSE:JKLAKSHMI   JK LAKSHMI CEMENT
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 ready to move up in long term.

Thanks for reading!

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