johntradingwick

JK Tyre- Approaching ATH | Positional/Investment Idea

NSE:JKTYRE   JK TYRE&INDUSTRIES
Highlights:
  • Approaching the All-Time High
  • Breakout and retest done
  • Volume expansion
  • Bullish market structure
About the Company:
JK Tyre & Industries Ltd. (JKIT) is an India-based company engaged in the business of manufacturing of automotive tires, tubes and flaps. As of March 31, 2011, the Company had an installed capacity of 9.861 million automotive tires and 1.382 million automotive tubes. The Companys manufacturing plants are located at five centers, which include Jaykaygram, Rajasthan; Banmore, Madhya Pradesh; Mysore Plant I , Karnataka; Mysore Plant II, Karnataka, and Mysore Plant III, Karnataka. During the fiscal year ended March 31, 2011, the Company produced 8.598 millions of automotive tires; 5.462 millions of automotive tubes, and 2.447 millions of automotive flaps.

Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

Comments

Sir views on RKFORGE on weekly charts it on verge of giving breakout from 2018
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johntradingwick himanxu_yadav
@himanxu_yadav, Yes, it may. It aligns with the previous S/D zone.
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I think it can achieve this target in 10 days what do you think?
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@fxdyy it'll go South towards130-140 due to poor q1 results
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