ms555
Long

JKTYRE-BROKEN THE TRIANGULAR PATTERN & UPTRENDING

NSE:JKTYRE   JK TYRE&INDUSTRIES
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Tyre Sector has been in focus from past 2 days due to falling Crude & Rubber prices & with 9000 broken in upside the laggards will start to catchup.
Now, it shall further move up from here with support of the channel.

Target: 136(Very Short term)

Stoploss: 122 (Closing Basis)

RR: 1:1.3

Target: 149 (Short term)

Stoploss : 117

RR: 1:2
Trade active
Comment: Good Time to enter in dips now cmp 126, Risk Reward is now much more favourable!
Comment: CMP 134.25 very short term target can be achieve today , so book out as per your position
Trade closed: target reached: Very Short term target reached of 136 made high of 135.9 just 10 paisa.
I also booked my 60% profits @135.8 and will be waiting for 149 as next target. Fundamentals are very very strong for Tyre stocks! Regards.
Trade closed: target reached: 136 finally reached!
Comment: short term trade is still open today made a high of 139.9 just 9 Rs away from our target, hope it will achieve in next swing.
Comment: Made Intraday high of 145.50 just 3.5 away from our target of 149.
Trade closed: target reached: FINAL TARGET REACHED
Comment: If someone wants to still hold the position the Rev Sl will be 136 on daily basis.
Comment: Rev SL was held on 18th April as it closed near 138&now at fresh high of 160. As MRF,Apoolo,Ceat are already moving higher than their 52 wk high , so lets hope JKtyre will soon conquer the level of 170-180 SL will be same 136.
Trade closed: target reached: 180 achieved, i have completely exited my position and would recommend others also and will enter again near 160 with 136 as SL.
Comment: Dip given towards 160 now at 180!
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