🔹 Price Action JK Cement is currently trading at ₹6,919, after touching a recent high of ₹7,572. The stock has been in a strong uptrend within a rising channel, but signs of exhaustion are visible. 🔹 Technical View Support Levels: ₹6,400 / ₹5,950 Resistance Level: ₹7,572 (recent peak) RSI Setup: RSI is trading around 71, indicating overbought conditions. Weekly RSI shows signs of exhaustion, hinting at potential correction. Trend Structure: Price remains in a rising channel, but the steep rally looks overheated on the weekly timeframe. 🔹 Strength & Weakness ✅ Long-term uptrend intact; channel support still holding. ⚠️ RSI overheated → short-term risk of profit booking. ⚠️ Failure to hold ₹6,400 may accelerate correction. 🔹 Outlook A correction towards ₹6,400–₹5,950 cannot be ruled out, given the overbought RSI and weekly exhaustion. If support levels hold, the stock may consolidate before attempting another breakout above ₹7,572. Traders should stay cautious and wait for fresh momentum signals. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.

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