JK Cement closed at ₹6,498.00 for the week ending July 18, 2025, up by ₹50.50 (+0.78%), and notably near its alltime high. The stock continues to maintain a strong uptrend with price action well-supported by a confluence of indicators, including sustained positioning above its key EMAs.
ADX at 36.85 suggests a strong trend in play, while the RSI at 71.60 indicates overbought territory on the weekly chart. Although the broader structure remains bullish, the elevated RSI signals the potential for a short-term pullback.
Additionally, Q1 FY25–26 results are yet to be announced, adding an element of uncertainty. A retracement towards the 20-week EMA (~₹5,577) could offer a better entry point.
Given the technical setup and proximity to all-time highs, a buy-on-dip approach is recommended to capture the uptrend with a favourable risk-reward profile.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
