JK Tyre (D) - Bullish Reversal Coils for Breakout AttemptAfter a significant downtrend from its All-Time High in February 2024, JK Tyre has successfully reversed its trend. Since March 2025, the stock has been establishing a constructive pattern of Higher Lows , indicating a clear and systematic shift from selling pressure to accumulation.
Current Standoff: Coiled Below Resistance
The stock is currently trading just below a significant overhead resistance level. This horizontal barrier is the primary hurdle that needs to be cleared to confirm the next leg of the uptrend.
Notably, the trading volume has been moderate , which is not a negative sign in this context. It is often characteristic of a "coiled spring" or an accumulation phase just before a decisive breakout, as selling pressure diminishes.
Powerful Underlying Strength
The bullish case is strongly supported by a powerful alignment of momentum indicators across all major timeframes (Monthly, Weekly, and Daily):
- Short-Term EMAs: All three timeframes are in a bullish Positive Crossover (PCO) state.
- RSI (Relative Strength Index): The RSI is also in a rising trend on all three timeframes.
This multi-timeframe alignment indicates that the bullish momentum is broad, synchronized, and strengthening, suggesting that an attempt to break the overhead resistance is likely.
Outlook and Key Levels to Watch
The stock is at a clear inflection point. The resolution of the battle at this resistance level will likely determine the next major move.
- Bullish Scenario: A decisive close above the resistance on high volume would confirm the breakout. This would signal a continuation of the new uptrend, with a potential next target of ₹485 .
- Bearish Scenario: If the stock fails to breach the resistance and momentum fades, it could be rejected and pull back to test levels around ₹370 .
