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...
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!
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...
JK Lakshmi breakout and sustain above it
Making higher high and lower low and following trend line
On Monday it can test 450. try to make position at 455 with SL as 445 on closing basis
Sl-370
Stocks for the week-4
Hello everyone, this week we are going to invest in many different sectors.
One of which is CEMENT SECTOR(from infrastructure sector).
I will be posting best stocks of cement sector and the % allocation that stock should take in your portfolio.
STOCKS ALLOCATIONS
Stock 1: AMBUJA CEMENTS LTD ...
