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Jk Lakshmi cement

Discussion in 'Technical Analysis' started by drsuraimardi, Nov 12, 2012.

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  1. drsuraimardi

    drsuraimardi New Member

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    JK Lakshmi cement is making higher top higher bottom since June 12 and today it made a new 52 wks high.Can it be bought at this stage ?
     
    drsuraimardi, Nov 12, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    My call would be Yes and make sure you buy at the breakout.

    Looks like multibagger to me.
     
    shabbir, Nov 13, 2012
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  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    It is looking good and it is in my watch list from 2 days but my call will be wait and watch for correct entry cause comfortable stop loss is too down according to me around 113-116.
     
    sanjay_sansanwal, Nov 13, 2012
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  4. drsuraimardi

    drsuraimardi New Member

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    Thanks Shabbir and Shanjay !
     
    drsuraimardi, Nov 13, 2012
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  5. verenmitter2001

    verenmitter2001 Member

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    Hi
    The stock is in uptrend and now in correction mode.
    What do you think about entering it at 125?
    Also How did you calculated 113-116 as a stop loss? Is it by drawing a trend line or any other calculation method.

    regards
    Veren
     
    verenmitter2001, Nov 21, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    Not as of now and I would like to see when the correction stops
     
    shabbir, Nov 21, 2012
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  7. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Stock is in uptrend but in correction mode, I don't know how u find that cause 1 day downside is not correction over signal according to me and if u want to enter in correction mode then there is more chances to hit stop cause no one can judge where the correction will stop and by chance it take support with out hitting the stop then also there will be some tiring day to achieve the target.
    So enter in any stock when it is giving break out or when u see any sign of trend reversal and more importantly with comfortable stop loss.
    113-116 is last bottom of the script as well as trend line support and 110 is 38.2% retracement level.
    So if u still want to buy in correction these level should be safe stop loss but I will wait for good opportunity to enter in this script if it provides.
    By the way today also it is 2% down.
    So better to think again before entering.
    Best of luck.
     
    sanjay_sansanwal, Nov 21, 2012
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  8. chequesuraj

    chequesuraj Member

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    Sanjay,

    Then what should be good opportunity level to enter in this script...
     
    chequesuraj, Nov 21, 2012
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  9. shabbir

    shabbir Administrator Staff Member

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    I would say not now and how charts perform would decide what we should be doing next
     
    shabbir, Nov 21, 2012
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  10. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    It could be any level where u see trend reversal with comfortable stop loss or @ breakout with comfortable stop loss but stop loss should be with in 10% and trade should be with trend not against the trend.
     
    sanjay_sansanwal, Nov 21, 2012
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  11. shabbir

    shabbir Administrator Staff Member

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    shabbir, Dec 10, 2012
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