BUY JKTYREBuy above 175 on closing basis
Sell at 190 200
Consolidation at lower volumes can be a sign for breakout.
Book profits accordingly.
Jktyrelong
Enter after the breakout - JKTyreIf a breakout happens and the results today are positive, It will start bullish momentum.
JKTYRE All the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
JK tyre seems a nice bet!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 towards 160-170 range but I am not thinking about that atm.
NOT a financial advice.
JK TYRE& INDUSTRIESJK 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 STUDIES ARE FOR EDUCATION PURPOSE ONLY.
PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING OR TRADING.
JK TYRE | NSE | AnalysisHey 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 Cross on the 4H chart, which will trigger a breakout of the pennant.
Moreover, the MACD on the 4H chart is converging bullish.
Wait for entry near 60.5-61. Target is 70 - 71 (~ 15%).
Thank you!
