positional call – Buy JK CEMENT above 232 (closing basis) sl 218 target 275-315

1-2 month holding

positional study –  If we look at the chart we can see that is a creation of symmetric triangle and stock has almost took support at ascending trend line, and if it able to sustain this gains in coming time then we can see sharp reversal in stock from this spot.

interesting pattern is in making with RSI and price chart, its a case of positive convergence but still price need to confirm the same by closing above given level. once the pattern and price confirm then we can assure about call.

Today on 6th june 2013 it has created candlestick pattern of bullish engulfing and once this pattern is confirm by closing positive next day, then surly to see reversal in trend.

so over all study suggest that if price chart able to confirm all above patterns then we can surly see some reversal in stock.