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JK LAKSHMI CEMENT LTDJK LAKSHMI CEMENT LTDJK LAKSHMI CEMENT LTD

JK LAKSHMI CEMENT LTD

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JKLAKSHMI trade ideas

Key Support / Resistance Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Key Support & Resistance Breakout. Stock has give Breakout of Resistance level. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think.
NSE:JKLAKSHMI
by AnsariTV
JK LAKSHMI CEMENT LTD S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:JKLAKSHMI
by zenthosh
JK Lakshmi Cements: It could break either way. Be prepared.Key Zones Supply Zone (Resistance) represented by the Red Box. The price has shown a clear rejection in this zone multiple times, indicating strong selling pressure. Demand Zone (Support) represented by the Green Box. Historically, this zone has acted as a strong support, suggesting buying interest in this area. Patterns and Trendlines RSI (Relative Strength Index): Current RSI is around 40.73, suggesting the stock is approaching the oversold territory, but not quite there yet. Key Levels to Watch Resistance: 875 - 900 INR (Supply Zone) Support: 675 - 725 INR (Demand Zone) Intermediate Support: 723.10 INR Possible Scenarios Bullish Scenario: If the price breaks above the descending triangle's upper trendline, it could challenge the supply zone around 875-900 INR. Confirmation would require a strong breakout with high volume. Bearish Scenario: A breakdown below the descending triangle’s lower trendline and the support at 775 INR could lead to a drop towards the demand zone around 675-725 INR. The gap fill mentioned in the chart could be a target area in the event of a breakdown. Conclusion The chart shows JK Lakshmi Cement at a crucial juncture within a descending triangle pattern. Watch for a breakout above the triangle for a bullish move towards the supply zone. Alternatively, a breakdown below the current support could lead to further downside, targeting the demand zone and potential gap fill area. Monitoring volume and RSI will be key in confirming any breakout or breakdown. Overall, traders should keep an eye on these critical levels and patterns to make informed decisions. DISCLAIMER: EDUCATION PURPOSES ONLY. NOT FINANCIAL ADVICE.
NSE:JKLAKSHMI
by MysticMads
JKLAKSHMI can rise 25-30% from current levelsThis 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 sign of strength. The stock gained 5% on Thursday's session along with a 2month range breakout of price as well as a volume breakout. These signs add to the healthy uptrend continuing for the coming months as well in this stock making it a great pick in the cement space. On the down 880 will be a crucial support to rely upon.
NSE:JKLAKSHMILong
by neeraj_2_sharma
JKLAKSHMI - Stock AnalysisThe 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, indicating positive price momentum. Donchian Band: Strong Bullish - The stock is trending up nicely with consecutive new highs, reinforcing a strong bullish trend. Bollinger Bands: Strong Bullish - There's a positive breakout in the Bollinger Bands, suggesting the potential for further upward movement in the stock's price. Candlestick / Heikin Ashi Patterns: - Daily: Bullish - A bullish continuation Heikin Ashi pattern has formed, supporting the bullish sentiment. - Weekly: Bullish - A bullish initiation Heikin Ashi pattern on the weekly chart reinforces the bullish outlook. - Monthly: Bullish - A bullish initiation Heikin Ashi pattern on the monthly chart indicates a positive start to the month. These technical signals indicate a robust bullish outlook for JK Lakshmi Cement Ltd., with strong buying interest, positive price momentum, and potential for further price increases. As with any investment decision, it's essential to conduct a thorough analysis, consider other factors, and manage risk appropriately.
NSE:JKLAKSHMILong
by ruelfernandes
LOOKING FOR 23 PERCENT OF ROI FROM TOP CEMENT COMPANY 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 Cement is 617. This is below the consensus price target of 740.60. This suggests that the stock is undervalued. * **Fundamentals:** The fundamentals of JK Lakshmi Cement are strong. The company is expected to grow its revenue and earnings in the coming quarters. It is also well-positioned to benefit from the rising demand for cement in India. * **Risks:** The main risks to JK Lakshmi Cement are a slowdown in the Indian economy and a rise in input costs. However, these risks are mitigated by the company's strong brand presence and its captive limestone mine. Overall, I believe that JK Lakshmi Cement is a good buy at the current price. The stock is undervalued and the fundamentals are strong. I would recommend investors to buy the stock and hold it for the long term. Here are some other factors to consider before making a decision: * Your investment goals and risk tolerance. * The overall market conditions. * Your current portfolio allocation.
NSE:JKLAKSHMILong
by EasyLife_Advisor
JKLAKSHMI - Bullish Swing ReversalNSE: JKLAKSHMI is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:JKLAKSHMILong
by BrahmaBull31