JKCEMENT trade ideas
[HP] JK Cements Swing TradeNote -
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 can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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J K Cements LtdThe 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
โน 25,268 Cr.
Current Price
โน 3,270
High / Low
โน 3,325 / 2,004
Stock P/E
60.3
Book Value
โน 607
Dividend Yield
0.46 %
ROCE
10.2 %
ROE
9.30 %
Face Value
โน 10.0
Promoter holding
45.8 %
EPS last year
โน 55.2
EPS latest quarter
โน 14.5
Debt
โน 5,292 Cr.
Pledged percentage
0.00 %
Net CF
โน 104 Cr.
Price to Cash Flow
18.4
Free Cash Flow
โน -226 Cr.
Debt to equity
1.13
OPM last year
13.5 %
OPM 5Year
18.4 %
Reserves
โน 4,609 Cr.
Price to book value
5.40
Int Coverage
3.02
PEG Ratio
8.68
{JK CEMENTS}:{RISE OF 3% ALMOST THE END OF BUYING}.
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 the Quarterly Supply.
ENJOY THE RIDE ! ! !
JKCEMENTNSE: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 Educational purpose!
Descending Triangle PatternDescending Triangle Pattern is a Bearish Chart Pattern or Trend Continuation Pattern.
As you can see that the price is making lower highs which means Buyers are weak and downward momentum is building.
In most cases, this pattern indicates traders to make a short position.
But I am Suggesting Long position here as the Bullish Harami Pattern is observed at the support zone which is a Bullish reversal Pattern.
How to trade?
Enter the trade once the trend line breakout appears and retest is done.
Keep Stop Loss below the Support zone. If SL gets big then try keeping SL below recent Swing low.
One can Keep Target of 1:3 or near to the supply zone. OR as per your Appetite.
Note: I am not Sebi Registered Advisor or Technical Analyst. Consult your Advisor before Investing.