JKCEMENT is it ready for breakoutJKCEMENT formed symmetrical triangle and price is pushed to apex. Is it ready to go up!??
JKCEMENT trade ideas
JK CEMENTNSE:JKCEMENT
HOLDING THE CHANNEL FOR GOODS , UPMOVE EXPECTED TOWARDS HIGH OF CHANNEL ,BULLISH BIAS , ROW RISK TRADE
JKCEMENT - Swing Trade - Support of 50EMAThe 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 sector, and their major trend should be Bullish). Check the chart of those stocks, most of them either move with support of 50EMA or 200EMA on daily TF.
For those who move with support of 50EMA are more bullish as compared to those which move with support of 200EMA. Prefer trading in those stocks.
Strategy for entry - Whenever price comes very close or below 50EMA, one should enter at CMP or above its high. (position sizing should be kept in mind always). Target should be either 20% or Life-time high level as per the individual stocks.
NOTE - if the stock falls below and comes near 200EMA, then 20-30% more quantity may be added in case extra cash is available. No further averaging needed below this.
Although there won't be a need for SL if the stocks are fundamentally strong. because such stocks don't usually stay low for long. But still one can put SL as per their capacity.
P.S - Always take care of your position sizing in any trade. Never put more than 10% of your initial capital in any one stock.
Feel Free to comment for any query on this idea or regarding price action analysis.
JKCement.. Swing Trade.. Long Setup..Setup looks ready for reversal.. Long trigger at 1920 with SL 1840.. T1 is ATH
JK Cement Leader in White Cement, poised for a long run !!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 !!
Head and shoulder formation at topPrice 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
JK Cement- 1 day viewthe 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 of the trend or may close above the last higher high and form a new swing high level at 1640-1660. Thank You
(the view given above is solely for educational purpose)
JK Cement - Ready for breakoutSupport Levels: 1409, 1372, 1320, 1304
Resistance Levels: 1425, 1438, 1479
Trendline Support Levels: 1398-1425, 1411-1419
Trendline Resistance Levels: 1427-1409
JK Cement Ready for next upmove ?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
