JK Cement Breaks Resistance! Is a New Rally on the Horizon?

4 Sep

JKCEMENT has broken out above a key resistance level, signaling a potential bullish move ahead.

Breakout: The stock has successfully breached its resistance level, indicating strong upward momentum.

Volume Surge: Accompanying the breakout, we see a noticeable increase in trading volume, confirming the strength of this move.

Bullish Trend: The stock has been on an uptrend with higher highs and higher lows. Moving averages are also supportive of this trend.
What to Watch:

The breakout level may now serve as a new support.
Keep an eye on the next resistance around previous highs or psychological levels like 4,800.
If the breakout holds, we could see further upside!