JK Cement Ltd reached a 52-week excessive, closing at Rs 4,932.65, with a achieve of Rs 110.15 (+2.28%). The inventory is buying and selling inside a rising wedge sample, indicating both a pattern continuation or a possible reversal.
A high-wave candle formation at resistance suggests indecision amongst merchants. RSI at 59.66 is in impartial territory, reflecting reasonable bullish momentum with the potential for a pullback.
Key resistance is at Rs 4,980—a breakout and sustained transfer above this degree might set off additional upside towards Rs 5,200.
Given the present chart construction, an keep away from advice is usually recommended at these ranges, with a possible entry solely above Rs 4,980, confirming bullish energy.
(Disclaimer: Suggestions, strategies, views, and opinions given by consultants are their very own. These don’t symbolize the views of the Financial Occasions)
