SWING IDEA - JKTYRE

Jul 14

Weekly MACD is about to make a crossover on JKTYRE . Once this crossover happens successfully, it could trigger a good move upward.
Company seems to be performing really well since last few years. We also have some good positive ratings as well from Analysts and good Earnings Report as well.
While the weekly charts looks good, the Monthly chart is not entirely convincing yet. Take this trade based on your Risk Appetite and Risk Management.

Jul 15

Trade active

Jul 17

Note

14% Profits done so far.
Trade seems to be going exactly as expected.

Aug 6

Note

News: JK Tyre's Consolidated Net Profit Grows in Fiscal Q1, Revenue Slips; Shares Down 4%

Aug 12

Trade closed manually

Unfortunately looks like the trend has changed for JKTYRE. However, the stock gave a max profit of 14% from our entry point. Better to close any open positions until we see a clear direction upward again.