JKCEMENT formed symmetrical triangle and price is pushed to apex. Is it ready to go up!??
NSE:JKCEMENT HOLDING THE CHANNEL FOR GOODS , UPMOVE EXPECTED TOWARDS HIGH OF CHANNEL ,BULLISH BIAS , ROW RISK TRADE
buy at 1950-trgt=1=2038 trgt=2=2111 trgt=3=2235
The purpose of this analysis is mainly to give an idea for swing trades to beginners. Those who struggle to find good swing trades due to lack of knowledge of price action or due to lack of time for chart reading, can follow this simple strategy. Brief points - Prepare a watchlist of 10-20 good stocks from different sectors (preferably top 2-3 companies of...
Setup looks ready for reversal.. Long trigger at 1920 with SL 1840.. T1 is ATH
JK moved good from the lows of March, and looking for a base formation near 1500 levels. Any move up 1500 can take it to further high !!
Price and volume has yet to confirmation in which direction the stock shall move but formation of H&S has been completed. Stock may be shorted if price closes below the shown support levels. Will update on SL and Targets
the stock is in advancing phase.. on 12th aug it came near the support level & form a neutral candle pattern and though today it showed a bearish sign with inverted hammer but i didnot go below the trend line and ema 20 is also respecting the trend . if tomorrow it can close above the today's high then it may touch the resistance 1621 which is the last swing high...
Support Levels: 1409, 1372, 1320, 1304 Resistance Levels: 1425, 1438, 1479 Trendline Support Levels: 1398-1425, 1411-1419 Trendline Resistance Levels: 1427-1409
SL compulsory
JK Cement has given a breakout from a classic triangle pattern after a brief consolidation. Looks set to test previous high of 731 and make new highs if it manages to breakout from that level. However better volumes would have this chart more compelling, nevertheless worth watching for action on 01-Aug