J K Cement Analysis

2023년 5월 31일

technical analysis of J K Cement:

-The RSI is at 53.7, which is considered neutral.
-The MACD is positive and rising, which is a bullish signal.
-The ROC is positive and rising, which is also a bullish signal.
-The 50-day moving average is at 3052.56 and the 200-day moving average is at 3138.38.

The stock is currently in a channel pattern in the daily time frame.
The price is currently moving up and could be either wave C or wave 3 of an Elliott wave pattern.
If the price continues to move up, the next target could be 4100.
It is important to note that these technical indicators are only a snapshot of the current market conditions. They can change quickly, and it is important to keep an eye on them for any changes.

fundamental data of J K Cement:
Market capitalization: ₹23,213.7 crore
EPS (TTM): ₹10.71
PE ratio (TTM): 16.07
Dividend yield (TTM): 2.05%
Revenue (FY22): ₹11,478.9 crore
Profit (FY22): ₹1,831.8 crore

Here are some additional factors that could affect the price of J K Cement:

Economic conditions: The overall health of the economy can have a significant impact on the price of stocks.
Competition: The level of competition in the cement industry can also affect the price of J K Cement.
New product development: If J K Cement is able to develop new products that are in demand, this could lead to an increase in the price of the stock.
Mergers and acquisitions: If J K Cement is involved in a merger or acquisition, this could also affect the price of the stock.
Overall, the technical indicators suggest that J K Cement is in a bullish trend. However, it is important to keep an eye on the overall market conditions and other factors that could affect the price of the stock.