FWB:NSE : JKCEMENT Formed Inside Candle Pattern
Inside Candle Formed on Weekly Chart ..
Either Side Breakdown or Breakout is Possible
the Range is So Important
if Breaks Upside Then Possible Targets Are Marked
if Breaks Downside Then Possible Targets Are Marked
NSE:JKCEMENT
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits...
💥J K Cement 💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-3860-80
Breakout Price-3830
Stoploss-3375
Targets-5333
RT for max reach
#jkcement #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
Okay so as you can see the break of 3569 level is important to reach the level 4000 and if it breaks out of 4000 you can see levels of 4600 for long term ( +points election are on the way so construction gonna take place)
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
The Company is engaged in the manufacturing and selling of Cement and Cement related products with over 4 decades of experience in cement manufacturing. It is an affiliate of the multi-disciplinary industrial conglomerate JK Organisation
Breakout - Observed
Stoploss - 2990
Market Cap
₹ 25,268 Cr.
Current Price
₹ 3,270
High / Low
₹ 3,325 / 2,004
Stock...
Price has formed Wave 1, 2 and 3 and now is in Wave 4 as Wave 2 has retraced Wave 1 by 38.20% hence we are expecting Wave 4 (To be a A Complex Correction due to the Principle of Alternationa nd Wave 2 being a Simple Coeection).
Now Wave 4 is in formation and there is a Quarterly Supply which starts @ Rs. 3130.40
A small Buy Trade as per the Daily chart till...
Price has been in an Uptrend and will continue the same, Price has just given a pullback into a Demand syned into Weekly Daily and 4H, hence another 4% Upward.
ENJOY THE RIDE!!!
Still holding short positions in the said stock. Right look is more important than the wave count. Sometimes the waves are so complicated that it becomes difficult to count then the look matters. All the best.
NSE:JKCEMENT
Risk Reward is good !
Wait for Daily Candle close above the Trendline.
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for...
![JKCEMENT: [HP] JK Cements Swing Trade](https://s3.tradingview.com/i/iWEzANHM_mid.png "[HP] JK Cements Swing Trade")
