gmaster29

JK Lakshmi Cement - Bull Flag Pattern

gmaster29 Updated   
NSE:JKLAKSHMI   JK LAKSHMI CEMENT
Inside bull flag, short term bearish, might retest the bottom trendline. For bullish trend, it needs to take out 690 levels for consecutive 2-3 candles.
Comment:
It recently kissed the upper trend line and pulled back. Expect it to pull back further and test the strong support levels at 558. This stock had a good run and is consolidating, short term it's looking bearish. It's healthy for long term bull trend.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.