Trade Setup in GoodyearStock is trading in a parallel channel, Breakout or breakdown can give a good move.
GOODYEAR trade ideas
GOODYEAR | Daily Chart | Golden ratio pullbackChart analysis:
Pattern: Symmetric triangle pattern BO happened and re-testing of BO is happening.
Breakout: BO of 1.5 years trend line and support is taken at 0.618 which is Golden Ratio .
Volume: Volume action is clearly visible near breakout zone.
Trade setup:
Entry price: Close of 1400 price break candle.
Stop loss: Below 1320.
Target 1: 1512.5
Target 2: 1623.8
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Goodyear! can make your year good from here:)Goodyear at very good level.
1. 200EMA support
2. Rising volumes
3. Weekly consolidation
4. Daily consolidation
GOODYEAR | Strong resistance breakout - Looks good for 30-40%GOODYEAR | Strong resistance breakout - Looks good for 30-40%
CMP : 1296
SL : 1200
Target : 1650
1:3+ risk reward setup
P.S : The blue colour line is just for fun, just trying to make a visual for pleasant view. I'm just a pure supply demand trader. There is no logic in that curve line
GOODYEAR - Weekly AnalysisIn the Weekly Chart of GOODYEAR ,
we can see that, it has given Cup & Handle Breakout.
Let it retest and then Enter with SL and Target as per your Risk Ratio.
GOODYEAR - Weekly AnalysisIn the Weekly Chart of GOODYEAR ,
we can see that; it has given breakout from Cup & Handle.
Let it retest and then enter with SL.
Goodyear India looking bullishOn MACD and RSI stock is showing extreme bullishness. Though stock moved from the initial buying point of 920 to 990 but volatility is very low indicating price action to happen. It is experiencing some supply at 1000 levels. Once it close above 1000 sellers will be taken out.
Jk tyres and Apollo tyres are also forming bullish patterns, chances are not only they make new 52 week highs but also attempts new high.
Rubber prices of late has been softening.
MRF came out with bad numbers so some shifting can be expected. MRF losing market share will benefit other companies. Agri is one segment which will face least headwinds. Also As per Goodyear management they are getting good hold of the replacement market. NSE:GOODYEAR
Please note that I am not a registered advisor so make your due diligence before taking any decision.
Targeting all-time high!Chart -> Goodyear Weekly
Wonderful symmetrical triangle breakout, as we can see on the chart.
CMP: 1200
Good Range: 1150 to 1200
Target: 1330
SL: 1100 Weekly Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
GoodYear LongPerfectly working on fib levels
Green line is 0.5 of Low to High
Blue line is 0.618 of hammer low to All time High
975 imp level if it holds this level
New ATH can be seen
GOODYEAR LTD.....it is ready to give splendid performance a good trader always buys at low and sells at high,which is called profit making principle of real trader.Goodyear ltd is at ultimate zone of support.Patience for a period will give decent output.post your opinion in comments.
Goodyear Long setupGoodyear is the fundamentally strong company with strong and consistent dividend paying history so far. Taken support at 990 and showing the sign of reversal.
Fresh entry can be made at 1050 with stop loss of 990. Upside rally can be seen till 1100 and 1200.
Can add this stock at every dip with prospective of long terms investment
The reason for picking this stock are:
1. Expected very good quarterly results
2. Debt free
3. Strong dividend payment history (76%)
4. Cashflow growth from negative 76 Crores to 158 Crores which double growth in terms of cashflow
5. 75% and more holdings from the promotors
GOODYEAR CAN MAKE YOUR YEAR GOODLOOKS GOOD ABOVE RESISTANCE LEVEL FOR DECENT UPSIDE
IDEA IS FOR EDUCATIONAL PURPOSE
Goodyear: watch for resistance breakout Swing Trade -
buy above 1035 and keep Sl below 950
IntradayTrade -
buy above 1020 which is previous day high and safe buy above 1035
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Goodyear- Looking goodGoodyear can move due to the following reasons:
- Moving in a harmonic triangle ABCD pattern
-Consolidating in Darvas Box.
- RS near 0 line so offers great R:R.
-Best range to buy is between 925-940.
Move can be towards 1160+ levels once breaks out.
All tyre stocks look really good for medium term on charts. Ceat, Goodyear, Apollo, JK Tyre, etc.
Keep a watch
Disclaimer: Please do your own analysis before investing. These are views and not an investment advise.
GoodYear - CMP: 932The stock has given Consolidation breakout on the daily chart with a good delivery volume. All oscillators are in bullish bios. Closing above 933 will confirm the breakout. We can expect a price target of 1000 in the near term.
Goodyear tire good for trading and great for investment I am the first one to publish idea in Goodyear tire on trading view .Chart look good for short term to .Position can be taken for short term with stop loss of 950 for target of 1050 to 1125 and it great stock to keep in portfolio for long term because of its dividend yield of 8% and it can go upto 1300.
Double Bottom with Rsi divergenceGoodyear along with MRF and Apollotyre has formed a good double bottom.
