JKTYRE trade ideas
cup & handle formation with doji on Daily TFJK TYRE making cup & handle on the daily timeframe
keep this on the radar and comment on your doubts.
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JK Tyre and Industries is looking good for swing tradeJK Tyre and industries have given a breakout of pole and flag pattern and also has a "narrow monthly Value Area". So we can expect a good move upside if the market remains bullish.
Comment below what do you think of this analysis.
JKTYRE - Price and Trend SetupGood fundamentals and stock is trying to breakthrough previously created resistance. Strong as compared to SMALCAP Index.
JKTYRE intraday trade idea for 30th July#JKTYRE entry and exit levels on the chart (refer black/blue lines). Place SL@1% of the entry price. Zones (in pink/orange) are the places where it's unsafe to enter. #INTRADAY
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...
JKTYRE: 168 Days of ConsolidationNSE:JKTYRE
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
JK Tyres Bullish SetupPositional Trade:
Buy: JK Tyres
CMP: 145
Target 1: 160
Target 2: 170
Stop Loss: 137
Holding Period: 1-2 Months
JK Tyre & Industries Ltd. - Cup & Handle Pattern breakoutJK Tyre & Industries Ltd. - Cup & Handle Pattern breakout
Retested
StopLoss below trendline
Target @ 185
Jk tyres making cup and handle pattern Keep track if handle breakout with relatively high volume then its good time to go long.
For educational purpose , please give your views too
1st target 158
JK Tyre - Stock breaking out of a rounding bottom patternJK Tyre has given a breakout after forming a base for over ~5 / 6 months. The stock is testing levels after about 3 years. If today's low holds above the breakout level, fresh entry can be considered above the high of the today's candle (Confirmation Candle).
Volume pattern to look for when trading breakoutsA textbook example of how volumes should behave when a stock is breaking out.
Beginning of base formation - Volumes should be high
During base formation - There should be volume contraction
When Stock is breaking out - High volumes
NSE:JKTYRE
JKTYRE - 6 MONTHS of CONSOLIDATIONJKTYRE is consolidating from 6 months and now its time for breakout which may be similar to breakout 6 months ago. Keep an eye on the stock and wait for gap-up opening. HAPPY TRADING😊
