JK Cement needs ₹4,982 to extend its rebound

closed near ₹4,923 after a modest rebound, but the daily chart is still below its main moving-average barriers. The 20-day average sits around ₹4,981.55 and the 55-day average near ₹5,127.21, so the ₹4,980–5,130 zone remains the key overhead supply area. The stock has been producing lower highs since the August peak, making this bounce a test of resistance rather than a confirmed reversal. The price action around ₹4,700–4,750 is important because buyers recently defended that area after the September slide. Holding above it keeps the stock in a broad consolidation. A close below ₹4,700, however, would weaken the base and reopen the path toward the earlier swing-low region near ₹4,600. The recent green candles show some demand, but the structure will remain fragile while price stays below the 20-day average. MACD is beginning to stabilise: the MACD line near -53 is marginally above the signal line around -55, and the histogram has turned slightly positive. This suggests the selling momentum has eased, but both lines remain below zero, so the signal is an early recovery attempt rather than a bullish trend confirmation. A close above ₹4,982 would be the first repair; ₹5,127 is the larger checkpoint. Until those levels are reclaimed, JK Cement remains in a corrective phase with ₹4,700 as the crucial support reference.