JK Tyre Monthly BreakoutNSE:JKTYRE broke out from a monthly consolidation range and looks very strong. It gave a breakout around 235 and that should act as a stop loss for us. Expect big targets.
Jktyres
JK Tyre to take long entryLong JK tyre stock. All important levels are marked on the charts. Safe traders can buy half the quantity after the BO of marked TL & balance quantity to buy after the BO of the resistance area. Good risk to reward trade. On all higher time frames, RSI is above 60 a sign of strength. This is for your educational purpose only.
JK TYRE | Neowave ForecastNSE:JKTYRE
Hi
This is an long term view. If you are unable to understand the chart, than leave a comment.
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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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This is only for educational purpose.
Please consult your advisor before making any trade or investment
JK Tyres Bullish SetupPositional Trade:
Buy: JK Tyres
CMP: 145
Target 1: 160
Target 2: 170
Stop Loss: 137
Holding Period: 1-2 Months
Divergence in JKTyreThere 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
JKTYRE weekly chart studyJKTYRE weekly chart study
1) Triple top bearish divergence on RSI
2) MACD bearish divergence showing depleting strength in the prevailing bullish trend
3) In coming days it could test 155-150 level.
4) below 135 the correction up to 100 could be quick and swift
JK tyres C&H breakout doneAscending triangle breakout soon on a daily chart as well.
Keep SL according to risk appetite and go for given targets.
Falling rubber prices also good for the stock, good results too.
