HarshShivlani
Long

JK tyres daily ascending triangle

NSE:JKTYRE   JK TYRE&INDUSTRIES
Everything in chart. This is a follow up on the weekly breakout.
The stock is at a trend line support and has given a positive candle today signaling upward move.
Showing good signs on daily too with a potential ascending triangle . Good Luck.
One of fav stocks that I'm holding from 16 lvls. Hope it amplifies its rate of upmove soon.
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HarshShivlani sudhansrini
@sudhansrini, Yes. Considering the good upmove of auto sector, it should do well. Also I heard the rubber prices were low for long duration, but now it could go up or stabilize. Any news on that?
Reply
sudhansrini HarshShivlani
@HarshShivlani, Yes, I beleive price has factory in the low rubber prices, it cant get any lower. However with +ve GST impact and crude stabilising could offset the impacts of an increasing rubber price. Also as you mentioned with increased offtake and that this company is completed its expansion and ready to fire when the demand (both new and replacement) kicks in, makes me believe the journey is far from over
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superb ... :D
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HarshShivlani AkshatPatwa
@AkshatPatwa, Thanks. :D
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