JK Lakshmi Cement's price has bounced back from the weekly DZ
JK Lakshmi Cement's price has bounced back from the weekly demand zone (DZ), making it look like a good buying opportunity at the current market price. The last time the price touched this zone, it reached a new higher high
Key Concepts:
Key Concepts:
- Demand Zone (DZ): A price range where buying interest is strong enough to prevent the price from falling further. This is often seen as a support area.
- Bounce Back: When the price moves up after hitting a support level.
- Higher High: A new peak in the price, higher than the previous peak, indicating an uptrend.
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