JK TYRE --Bullish --Long Term
Updated
JK TYRE --Weekly chart -- Bullish Technical indicators '
1. Weekly chart find lower channel breakout after correction 140 sub level , Stock seen upmove towards 200 + level an corrected again around 140 level where find retest breakout support, recently .
2. stock at cmp 164 level trading at upper channel at higher high an higher low chart pattern .
3. Weekly RSI seen enter at bullish zone above center line .
4. CCI , EMA crossover seen at center line move above center line will extreme bullish .
5. Stock above 24,35 HMA near Crossover at trendline support, and trading near 200 HMA line .
6.All this indicators look bullish turnaround in price , mid to long term Period entry at cmp 162-164 level for mid term ( 6 month) target 175-200-220 and long term ( 1 year ) target 250-300 . stop loss bellow strong support line 135 at daily candle closing bellow level .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE . ** Trade at own risk .!
HAPPY TRADING .!!
1. Weekly chart find lower channel breakout after correction 140 sub level , Stock seen upmove towards 200 + level an corrected again around 140 level where find retest breakout support, recently .
2. stock at cmp 164 level trading at upper channel at higher high an higher low chart pattern .
3. Weekly RSI seen enter at bullish zone above center line .
4. CCI , EMA crossover seen at center line move above center line will extreme bullish .
5. Stock above 24,35 HMA near Crossover at trendline support, and trading near 200 HMA line .
6.All this indicators look bullish turnaround in price , mid to long term Period entry at cmp 162-164 level for mid term ( 6 month) target 175-200-220 and long term ( 1 year ) target 250-300 . stop loss bellow strong support line 135 at daily candle closing bellow level .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE . ** Trade at own risk .!
HAPPY TRADING .!!
Note
Note
Note
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