JK Tyre and industries have given a breakout of pole and flag pattern and also has a "narrow monthly Value Area". So we can expect a good move upside if the market remains bullish. Comment below what do you think of this analysis.
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...
NSE:JKTYRE Levels mentioned in Chart. Note: Not a SEBI Registered analyst. Trade at your own discretion.
Positional Trade: Buy: JK Tyres CMP: 145 Target 1: 160 Target 2: 170 Stop Loss: 137 Holding Period: 1-2 Months
JK Tyre & Industries Ltd. - Cup & Handle Pattern breakout Retested StopLoss below trendline Target @ 185
JK 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).
NSE:JKTYRE can retest 145-140 levels SL 130 -133 T160,168,185
There is a divergence in Price and MACD. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
#JKTYRE has given BO from Inverted H&S Pattern. All details in chart.
JKTYRE READY FOR INVESTMENT FOR UPSIDE LEVELS OF 85-99-120 IN NEXT 8-12 MONTHS VOLUMES ARE REALLY GOOD AND CAN SEE GOOD UPSIDE IN NEAR FUTURE
C&H Pattern. BO with Volume. Can see 100 -105.