JKCEMENT - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.2

Here's a detailed technical breakdown of JKCEMENT based on current indicators and chart patterns

📊 Trend Analysis

Current Trend: Consolidating

The stock is trading between its 50-DMA (₹6,642) and recent high (₹7,566), suggesting a sideways movement.

RSI at 51.4 indicates neutral momentum — neither overbought nor oversold.

MACD at -38.2 shows bearish divergence, hinting at weakening momentum

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📈 Moving Averages

50-DMA: ₹6,642 — Price is slightly above this, suggesting mild short-term support.

200-DMA: ₹5,682 — Strong long-term support zone.

Trend Implication: Trading above both DMAs implies long-term bullishness, but short-term consolidation.

📉 Momentum Indicators

RSI (14-day): 51.4 — Neutral zone, no strong buy/sell signal.

MACD: Negative at -38.2 — Bearish crossover, indicating short-term weakness.

Volume: Slightly below 1-week average — Lack of conviction in current price action.

📊 Bollinger Bands

Price is likely near the middle band, suggesting low volatility and consolidation.

No breakout or squeeze pattern detected.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 6,640 Near 50-DMA, short-term support

Support 2 6,000 Psychological and volume-based

Resistance 1 7,000 Round number, recent rejection zone

Resistance 2 7,566 52-week high, strong resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹6,640–₹6,700 — Near support with tight stop-loss.

Exit Zone: ₹7,000–₹7,550 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Weak — MACD bearish, RSI neutral.

Breakout Potential: Low — No volume spike or band squeeze.

Bias: Wait-and-watch — Avoid aggressive entry until MACD turns positive or RSI crosses 60.

🧭 Summary

JKCEMENT is currently consolidating with weak short-term momentum. While long-term trend remains bullish (above 200-DMA), technical indicators suggest caution. Traders should monitor for a breakout above ₹7,000 with volume confirmation before initiating fresh longs.

Sources

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, Investing.com Technicals, ET Money Chart Analysis

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