Long in JK Tyres

This s scrip is in an uptrend for a while and it had previously given a breakout from the correction but couldn't carry forward the momentum. Now this scrip had bounced back from the inflection point where there were 3 supports (21EMA, trendline & monthly Fibonacci Pivot) and also there is a volume contraction which is also a good signal to long. So i expect this scrip to be moderately bullish in coming weeks.
Swing traders may consider this scrip to long with SL below the trendline or below the previous swing low.