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Viaz Tyres Ltd: On the Verge of a Major Breakout or ReversalKey Highlights: Resistance Zone (₹70-₹72): The chart shows a well-defined resistance zone marked in red. This level has been tested multiple times without a breakout, making it a critical hurdle for the stock. Ascending Trendline Support: The blue trendline indicates a steady upward movement, with the stock consistently making higher lows. This trendline is currently acting as a strong support level, near ₹63. Critical Support Level (₹53.90): A red horizontal line at ₹53.90 highlights a strong support zone. If the price breaks below the ascending trendline, this level could act as the next major support. Volume Analysis: The stock is witnessing moderate volume near the consolidation phase, indicating indecision. A spike in volume could confirm a breakout or breakdown. Potential Scenarios: Bullish Outlook: A breakout above ₹72 with strong volume could lead to a rally towards ₹85 or higher. The ascending trendline suggests a positive bias as long as the price respects this support. Bearish Outlook: A breakdown below the trendline (₹63) may push the stock towards ₹53.90, the next support zone. Failure to hold ₹53.90 could trigger further downside. Takeaway: The stock is currently consolidating between ₹65-₹72, forming a critical juncture for traders and investors. A breakout above resistance or breakdown below support levels will determine the next trend. Keep a close watch on volume for confirmation of the next move.
NSE:VIAZLong
by ayusharya_001
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 .!!
NSE:JKTYRELong
by champtrade111
NOCIL ready for the uptrend!🤩💸🔥Buy NOCIL for Positional Trading as well as Investment.💸🔥💸 Comment your views‼️😄 . 💡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. . ✔️ Technically & Fundamentally Strong💪💪 Best Q3 result. . 💎@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. . Like, Comment & Share 😄😄😄
NSE:NOCILLong
by technofunda_trader
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.
NSE:APOLLOTYRELong
by Mantubora