JKTYRE trade ideas
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 4HRSJK TYRE is making a cup and handle pattern and a tringle range breakout pattern. Can buy at green lines and short at red lines. Best to buy when handle of the cup breaks with a volume.
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 TyreJKTyre supply & Demand analysis
The stock has come out of supply zone from last two years & breakout from a head & shoulder pattern
The volume is much more than average around highest in last 5 years.
The target comes around 110 by previous resistance zones & 145 by the height of the pattern.
Stop should be below 84 i think.
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!
JK Tyres - Bearish Bias - Good for Short at current levelsJK Tyres - Bearish Bias - Good for Short at current levels
133. PA. 77.70 cls candl BV Set up77.70 cls candl may drag to form double bottom
Risky short for 2 pts
Opportunity at double bottom for long term investment
Jktyer cmp 169 Target 230JKtyer successfully retest the BreakoutJKtyer successfully retest the Breakout zone buy cmp 169 or add on dips with SL 155 Target 230 hold for 6 month
Government Plan to impose antidumping Duty
