JKCEMENT at Demand Zone – Is Wave 5 About to Start?

⚡ JK CEMENT – Wave 4 Correction Completing | Wave 5 Blast Loading?
🧠 Overall Market Structure

JK Cement is showing a textbook Elliott Wave progression, and price has now entered the crucial Wave 4 → Wave C completion zone (₹5276–₹5396).
This zone aligns with 38.2% to 61.8% retracement of Wave 3, making it a high-probability reversal area 📌.

The chart shows:

Strong Impulse Wave 3 with clean channel movement

Clear ChoCH (Change of Character) at the top → signaling the start of Wave 4

A complete A-B-C correction structure into the green demand zone

Price now sitting exactly where a bullish reversal is expected

This is where Wave 5 usually begins ⚡.

📚 Educational Insights

1. 📘 Impulse Wave vs Corrective Wave:
   Wave 3 was an impulsive move — long, strong, and directional.
   Wave 4 is corrective in nature — choppy and overlapping. This is normal and healthy before Wave 5 begins.
   
   
2. 🎯 38.2%–61.8% Retracement Rule:
   Wave 4 typically retraces 38.2% to 61.8% of Wave 3.
   JK Cement’s price has corrected exactly into this Fibonacci zone — strengthening reversal probability.
   
   
3. 🔄 A-B-C Correction Pattern:
   Wave 4 often forms an A-B-C pattern.
   This chart shows a clean A (fall) → B (pullback) → C (final drop) into demand — classic Wave 4 behavior.
   
   
4. 🌀 Wave 5 Potential:
   Wave 5 tends to be a trend-continuation wave.
   Targets are often based on Fibonacci extensions of Wave 4 — exactly what we’re projecting here.
   

🎯 Prediction & Price Outlook

If price holds above the ₹5276–₹5396 support range and forms a reversal candle, the next major move could be a Wave 5 rally.

🚀 First Target: ₹7113 (0.78 retracement of Wave 4)
🚀 Second Target: ₹8132 (113%–128% extended retracement → typical Wave 5 zone)

A breakout above ₹6285 strengthens the confirmation of Wave 5 activation.

🛑 Stop Loss (Closing Basis): ₹5226

💡 Trading Strategy (Educational Purpose Only)

1. 🟢 Entry Zone: ₹5276–₹5396
   Look for Hammer, Bullish Engulfing, or ChoCH on lower timeframes.
   
   
2. 📈 Confirmation Trigger:
   Break above ₹6285 → safer entry with trend confirmation.
   
   
3. 🎯 Targets:
   • Target 1 → ₹7113
   • Target 2 → ₹8132
   
   
4. ⚖️ Risk Management:
   • SL below ₹5226 (daily close)
   • Risk 1–2% total capital
   • Avoid chasing — wait for structure confirmation
   

🧩 Summary

JK Cement is showing a perfect Wave 4 completion setup at a major Fibonacci demand zone.
If the structure holds and reversal emerges, a strong Wave 5 rally could unfold toward ₹7113 and ₹8132 🎯.
This is a high-probability zone for trend continuation traders and Elliott Wave followers.

⚠️ Disclaimer

I am not a SEBI-registered analyst.
This analysis is for educational and informational purposes only — not financial advice.