JKCEMENT on point with Price action and Elliott wave!
Jan 30, 2025
When combining basic price patterns with technical indicators like Bollinger Bands, one can effectively capture significant movements in stocks. See how we chose JK Cement that achieved our target 1 in cash segment and both targets in Futures.
Check out how we selected JKCEMENT which has rallied more than 7% since 22nd January 2025. We published the following research on JKCEMENT pre-market on 22nd January in the "Vayu Momentum Report” which our subscribers receive pre-market every day.
JKCEMENT Daily Chart: Anticipated as on 22nd January 2025
Wave Analysis as on 22nd January 2025:
Cement sector managed to outshine all the other sectors. Wherein, JK cement surged by 1.66% despite major indices falling which is a strong bullish sign. Prices were unable to sustain below the lower Bollinger bands® and a sharp reversal on the upside was seen. Along with this, prices have protected its prior day’s low since 14th January which keeps the daily bias in favor of the bulls. For now, a break above 4650 levels is needed for bullish momentum to continue towards the upper band i.e. near 4830 levels.
In a nutshell, the current trend for JK Cement is on the positive side. A break above 4650 levels can lift the price higher towards 4830 levels followed by 5020 levels. On the downside 4470 levels is the nearest support to watch out for!
Trading Strategy for Intraday Futures – Long positions can be created above 4642 levels with the stoploss of 4220 levels and target of 4670 followed by 4685 levels.
Trading Strategy for Positional Futures – Long positions can be created above 4642 levels with the stoploss of 4600 levels and target of 4720 levels. (One can book part profit near 4682-4690 levels and trail stoploss to cost.)
JKCEMENT Daily Chart: Happened as on 30th January 2025
Happened- After we published the report, JKCEMENT moved as expected and Bang On!! Stock moved by more than 7% and achieved target 1 in the cash segment and both the given targets in Futures in just 2 trading sessions. Also, prices made a fresh high of 4970 levels.
We successfully captured this entire up move with the help of simple price indicators like Bollinger Bands. One needs to combine it with price action for more accurate results!
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