Buy above 175 on closing basis Sell at 190 200 Consolidation at lower volumes can be a sign for breakout. Book profits accordingly.
Levels are marked on the chart. NSE:JKTYRE Education purpose only.
If a breakout happens and the results today are positive, It will start bullish momentum.
CoVid situation has me a little bearish on the Indian markets. but JK tyre looks pretty nice here. The candlestick pattern on the Weekly is bullish, there's a nice bounce from the moving average on the same timeframe which was also around 61.8 % of the whole move to the upside. The Golden Zone. My targets are in 125-130 range. if this is an impulse , it could go...
JK TYRE& INDUSTRIES, Daily Chart ( Investment Pick.) JKTYRE Has given Wonderful Break-out with Very Good intensity of Volume, Above 2 years Long & Strong Resistance Trendline. Can Buy Now at CMP 90, or if Get Dips, With Stop Loss of 84 closing basis. For Targets of 100.70, 108.50, 119.55, 131.25 & 140 Too. DISCLAIMER. I AM NOT SEBI REGISTERED ANALYST. MY...
Hey guys! JK Tyre has a great setup here. It has been following a strong trend line since mid-march 2020. This trend line helped JK tyre breakout of the Ascending triangle pattern reaching 60+. Currently JK Tyre seems to be forming a bullish pennant signalling a bullish continuation upwards. Adding to that, The 50, 200 MA seems to be forming a Golden...