JK LAKSHMI CEMENT

10 thg 12, 2017

The analysis is on weekly time frame so i believe its a long-term investment.
The stock is forming a new higher lower formation and showing constant reversals from 507.
Now the stock has managed to maintain its 100 day moving average.
So currently its placed near the lower end of the formation.
"A GOOD TIME TO BUY" for long-term
"I WILL BE POSTING MY VIEW FOR POSITIONAL/SWING TRADE"
TRADE VIEW
BUY @ 415-420
STOP @ 380
TARGET 1 @ 450
TARGET 2 @ 500
TARGET 3 @ 535
LOOK IN THE CHART FOR A BETTER UNDERSTANDING.