JK Cement has damaged out above the Rs 5,275 degree with sturdy value motion and rising volumes, confirming a bullish continuation sample on the each day chart.
The continuing rally from the Rs 4,000 zone has been each steep and sustained, highlighting a robust upward momentum. The breakout zone lies between Rs 5,275 and Rs 5,300, and the inventory now eyes short-term targets of 6,300 and 6,600.
Key help ranges are positioned at Rs 5,550, which corresponds to the current consolidation space, and Rs 5,275, the breakout base.
A cease loss may be maintained at Rs 5,245, which lies just under the breakout zone and a key horizontal help.
The uptrend stays firmly intact, and so long as the worth sustains above 5,550, momentum is predicted to proceed. Any pullback towards the Rs 5,550–5,650 zone might supply a positive accumulation alternative.
(Disclaimer: Suggestions, strategies, views, and opinions given by consultants are their very own. These don’t signify the views of the Financial Instances)
