J.K. Cement Limited Stock Forecast
Green day on Friday for J.K. Cement Limited
(Updated on Jun 14, 2024)
The J.K. Cement Limited stock price gained 2.00% on the last trading day (Friday, 14th Jun 2024), rising from ₹4,241.95 to ₹4,326.70. During the last trading day the stock fluctuated 3.65% from a day low at ₹4,211.45 to a day high of ₹4,365.00. The price has risen in 7 of the last 10 days and is up by 11.74% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 78 thousand more shares were traded than the day before. In total, 199 thousand shares were bought and sold for approximately ₹861.52 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ₹4,244.58, a level that may pose a second chance to hit a runner. According to fan-theory ₹4,724.39 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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JKCEMENT.NS Signals & Forecast
Mostly positive signals in the chart today. The J.K. Cement Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹4,207.43 and ₹3,990.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 12.65%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for J.K. Cement Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹4,078.10 and ₹4,031.55. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, J.K. Cement Limited finds support just below today's level at ₹4,078.10. If this is broken, then the next support from accumulated volume will be at ₹4,031.55 and ₹3,933.95.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹153.55 between high and low, or 3.65%. For the last week, the stock has had daily average volatility of 3.13%.
Our recommended stop-loss: ₹4,168.34 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (JKCEMENT.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect J.K. Cement Limited to open at ₹4,301.05, and during the day (based on 14 day Average True Range), to move between ₹4,193.12 and ₹4,460.28, which gives a possible trading interval of +/-₹133.58 (+/-3.09%) up or down from last closing price. If J.K. Cement Limited takes out the full calculated possible swing range there will be an estimated 6.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹4,330.20 (0.08%) than the support at ₹4,078.10 (5.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is J.K. Cement Limited stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 3.540 Buy Candidate Unchanged
Predicted Opening Price for J.K. Cement Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹4,301.05 ( 0.593%) | ₹4,326.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JKCEMENT.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,454.60 | 2.96% |
| R2 | 4,395.94 | 1.60% |
| R1 | 4,359.71 | 0.763% |
| Price | 4,326.70 | |
| S1 | 4,242.39 | -1.95% |
| S2 | 4,206.16 | -2.79% |
| S3 | 4,147.50 | -4.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,390.75 | 1.48% |
| R2 | 4,358.80 | 0.742% |
| R1 | 4,330.20 | 0.0809% |
| Price | 4,326.70 | |
| S1 | 4,078.10 | -5.75% |
| S2 | 4,031.55 | -6.82% |
| S3 | 3,933.95 | -9.08% |
JKCEMENT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 10, 2024 | Jul 10, 2024 | Aug 15, 2024 | ₹20.00 | 0.462% |
| 2 | Jul 09, 2024 | Jul 09, 2024 | Aug 15, 2024 | ₹20.00 | 0.462% |
| 3 | Aug 01, 2023 | Aug 01, 2023 | Aug 01, 2023 | ₹15.00 | 0.460% |
| 4 | Aug 02, 2022 | Aug 02, 2022 | Aug 02, 2022 | ₹15.00 | 0.588% |
| 5 | Aug 03, 2021 | Aug 03, 2021 | Aug 03, 2021 | ₹15.00 | 0.459% |
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