JkTyre Inverted Head & Shoulder PatternHi All…
Greetings!
Today I’m sharing with you JkTyre Daily Chart. Yesterday there has been a good break out in the stock. The stock has made a Inverted Head & Shoulder Pattern and has crossed its Neckline. I think it would a good time to invest in the stock. Hoping for the stock to reach the TGT’s of 420 448 478.
In the coming time I think it should give good returns.
Thanking You
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
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Happy & Safe Trading
Disclaimer – These ideas shared by me to all are my personal analysis / views. I'm not a SEBI registered technical analyst.
JKTYRE
Viaz Tyres Ltd: On the Verge of a Major Breakout or ReversalKey Highlights:
Resistance Zone (₹70-₹72):
The chart shows a well-defined resistance zone marked in red. This level has been tested multiple times without a breakout, making it a critical hurdle for the stock.
Ascending Trendline Support:
The blue trendline indicates a steady upward movement, with the stock consistently making higher lows. This trendline is currently acting as a strong support level, near ₹63.
Critical Support Level (₹53.90):
A red horizontal line at ₹53.90 highlights a strong support zone. If the price breaks below the ascending trendline, this level could act as the next major support.
Volume Analysis:
The stock is witnessing moderate volume near the consolidation phase, indicating indecision. A spike in volume could confirm a breakout or breakdown.
Potential Scenarios:
Bullish Outlook:
A breakout above ₹72 with strong volume could lead to a rally towards ₹85 or higher.
The ascending trendline suggests a positive bias as long as the price respects this support.
Bearish Outlook:
A breakdown below the trendline (₹63) may push the stock towards ₹53.90, the next support zone.
Failure to hold ₹53.90 could trigger further downside.
Takeaway:
The stock is currently consolidating between ₹65-₹72, forming a critical juncture for traders and investors. A breakout above resistance or breakdown below support levels will determine the next trend. Keep a close watch on volume for confirmation of the next move.
J K Tyre : Breakout Candidate#jktyre #breakoutstock #momentumpick #trendingstock
J K Tyre : Swing Trade
>> Trending Setup
>> Stock in Uptrend
>> Momentum Pick
>> Good Strength & Volume Buildup
>> Low PE Stock
Swing Traders can lock Profit at 10% and keep Trailing
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Disclaimer : Charts Shared for Learning Purpose, not a Trade Recommendation
JKTYREJKTYRE:- Cup and handle pattern has been formed, breakout has also been given, volumes are also visible well.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
JK Tyre & Industries Ltd - Bullish mode#JKTYRE
CMP :₹.278
Largest exported tyre brand from India. Promoter holding above 50%. Receivable days are improving. Sales and Profit have also improved from last year. ROE & ROCE also improved from last year.Stock is near 52 week high with supporting volume shockers. Technically also script looking good. Tending to break 2 years resistance trend band. Moving through a triangular pattern for the last 8 months. Also trying to escape from the triangular setup. FII's has also increased their stake compared to previous years.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
JKTYREJKTYRE:- Cup and handle pattern has formed, wait for the breakout till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
NSE JKTYRE GET SUPPRT ON TRENDLINE+ ZERO UP RESISTANCE+RATING UP> NSE JKTYRE getting supprt on trendline with confluance of zero upper side resistance of
previous monthly weekly candle.
> may make a swing upmove of 8% or higher. with SL of month open.
> also today jktyre rating upgraded to A+
> entry near 194 on 22 jun 2023
JK Tyre & Industries LimitedJKTYRE:- Stock has formed inverse head and shoulders, breakout is also there, keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
JKTYRE - Ichimoku Bullish Breakout Stock Name - Jk Tyre & Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 162
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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