getsetrade
Long

JK Tyre- Retest of Breakout Levels- Positional Buy

NSE:JKTYRE   JK TYRE&INDUSTRIES
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JK tyre broke an important resistance zone 2 weeks back with good volumes. Now it has retraced a bit and is inching towards its breakout levels. Retest zones are always the best area to enter as there is minimum risk at this entry point. Its taken a shape of cup and handle pattern.

I would suggest to enter half qty now around 165, and rest if we get a chance to enter at 159 levels.
SL 150, Tgt 210, 235, 255
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