JKTYRE
JK TYRES - Swing Trade AnalysisTraders and Investor can go long as per the technical analysis of JKTYRE.
It could be the possibility that it will re test.
So safe one should always trade/invest with proper target and stoploss.
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JK Tyre- Approaching ATH | Positional/Investment IdeaHighlights:
Approaching the All-Time High
Breakout and retest done
Volume expansion
Bullish market structure
About the Company:
JK Tyre & Industries Ltd. (JKIT) is an India-based company engaged in the business of manufacturing of automotive tires, tubes and flaps. As of March 31, 2011, the Company had an installed capacity of 9.861 million automotive tires and 1.382 million automotive tubes. The Companys manufacturing plants are located at five centers, which include Jaykaygram, Rajasthan; Banmore, Madhya Pradesh; Mysore Plant I , Karnataka; Mysore Plant II, Karnataka, and Mysore Plant III, Karnataka. During the fiscal year ended March 31, 2011, the Company produced 8.598 millions of automotive tires; 5.462 millions of automotive tubes, and 2.447 millions of automotive flaps.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
FY21-22 Swing Trade Idea #145: Long on JKTYRE This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
JK tire in simple consolidation See the graph, but formed last red candle so only enter in trade after 150.50 or 151 crossing , or else oppose of it, it may go to deep oversell zone , good to buy for short-medium term , just an idea i have...follow me for more genuine ideas on standard stocks only...
JK Tyre - Stock breaking out of a rounding bottom patternJK Tyre has given a breakout after forming a base for over ~5 / 6 months. The stock is testing levels after about 3 years. If today's low holds above the breakout level, fresh entry can be considered above the high of the today's candle (Confirmation Candle).