Tyre
JK TYRE --Bullish --Long Term JK TYRE --Weekly chart -- Bullish Technical indicators '
1. Weekly chart find lower channel breakout after correction 140 sub level , Stock seen upmove towards 200 + level an corrected again around 140 level where find retest breakout support, recently .
2. stock at cmp 164 level trading at upper channel at higher high an higher low chart pattern .
3. Weekly RSI seen enter at bullish zone above center line .
4. CCI , EMA crossover seen at center line move above center line will extreme bullish .
5. Stock above 24,35 HMA near Crossover at trendline support, and trading near 200 HMA line .
6.All this indicators look bullish turnaround in price , mid to long term Period entry at cmp 162-164 level for mid term ( 6 month) target 175-200-220 and long term ( 1 year ) target 250-300 . stop loss bellow strong support line 135 at daily candle closing bellow level .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE . ** Trade at own risk .!
HAPPY TRADING .!!
NOCIL ready for the uptrend!🤩💸🔥Buy NOCIL for Positional Trading as well as Investment.💸🔥💸
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💡Key drivers for future price-performance:
1) The management guided for debottlenecking of its existing unit in the near term, even as it evaluates its plans for the next three-to-five years. Specialized products constitute 25% of total revenue; with limited room for expansion (the industry standard is 12%).
2) The Indian Tyre industry is expected to grow by 15-17% in volume terms in FY22. Domestic Tyre companies are planning to ramp up production, with a planned Capex of INR200b over the next three years.
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✔️ Technically & Fundamentally Strong💪💪
Best Q3 result.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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A short trade in BALKRISIND BALKRISIND has reached supply zone in daily timeframe. A short trade around 2480 with SL of 2540 looks good as it has made back to back 10 green candles and now the momentum seems to slowing down after entering demand zone. Targets 2400,2360,2320. A bear put spread can also be used to enter this short trade if liquidity in option prices permits.
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...
APOLLO TYRES LONGApollo Tyre has good fundamental and staying strong with NIFTY. Short term target for the stock is market.
the CMP is squeezing which indicates a good uptrend in the stock.
the delivery in stock is only 20% that is a concern for not expecting much in the stock.
fundamentals.
Apollo Tyres reported a 270.5% year-on-year (y-o-y) increase in consolidated net profit of ₹289 crore for the quarter ending 31 March, as vehicle production returned to pre-covid levels in India and foreign markets.
The revenue from operations during the quarter improved by 38.99% y-o-y to ₹5,026 crore. The operating profit or earnings before interest, tax, depreciation and amortization (Ebitda), also jumped by 69% y-o-y to ₹815 crore due to the overall improvement in sales and costing cutting measures taken by the company.
Despite swift recovery in sales, tyre manufacturers are expected to witness pressure on operating margins due to continuous increase in commodity prices.
PULL BACK & BREAKOUT LEVELSPhilip carbon is giving two trade possibilities as it is the mid zone of resistance and support.
A pullback around 150 is a good zone for pullback entry. And a break above 180 is good for long as well.
Using the fib extension analysis - it makes sense to wait for the pullback as the breakout zone (180) is close to 1.6 fib ext levels (which can be used as possible target-1)
Apollo Tyre1) Bounce with double bottom from long term trendline
2) ok result with good accumulation ; currently at trendline
3) Fundamentally apollo tyre biz should have tailwind of lower rubber and crude cost - trades at 13-P/E
4) High sale of CVs in last 2 years will have stronger replacement demand which will have better margins
Short term Swing trading-CEATLTD-SellCEATLTD looks bearish for short term.
Sell Below: 1300 for targets -
T1: 1235
T2: 1209
T3: 1183
SL: 1365
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(08-Jun-18)-CEATLTD-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 08-Jun-2018 for CEATLTD
Buy Above: 1371.4 for targets -
T1: 1381.7
T2: 1387.9
T3: 1394.3
SL: 1360.4
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)