JK Tyre Buy acound 125-130 and short tem target will be 150-160Channel breakout. All tyre industries are moving up. Stock can move futher.
Note - This is only for study purpose, cousult your advisor.
JKTYRE trade ideas
JKTYRE-BROKEN THE TRIANGULAR PATTERN & UPTRENDINGTyre Sector has been in focus from past 2 days due to falling Crude & Rubber prices & with 9000 broken in upside the laggards will start to catchup.
Now, it shall further move up from here with support of the channel.
Target: 136(Very Short term)
Stoploss: 122 (Closing Basis)
RR: 1:1.3
Target: 149 (Short term)
Stoploss : 117
RR: 1:2
JK Tyre to move upwardsJK Tyre shall move to 124.50 in the next trading sessions and a strong close above 125.60 can aim for target of 131.70. Supported by volumes it shall even test 160 levels in the near term with a SL at 113.
JKTYRE BULLISH CUP & HANDLE FORMATIONJKTYRE is forming a bullish Cup and Handle formation. Accumulate slowly; buy more on a breakout above 154; Stop Loss: 92
