long JK TyresPositive reversal
rejection at confluence of
50 EMA
Avwap
50% Fib
RSI : Monthly and weekly took 60 support
Entry : 115
SL : 96
Target : 130 , 145, 177
JKTYRE trade ideas
Bullish Flag pole 🚩Target Level taken from Historical weekly Resistance, pls do comment, like and share if you like my Analysis
Jk Tyrre Swing Trade SetupJk Tyrre Swing Trade Setup
Buy above 123 with SL of 120
Book Profit as per your choice
Divergence in JKTyreThere is a divergence in Price and MACD.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Jk tyreWave 4 over, wave 1 of 5 done 135, 2 of 5 17-128 completed now 3 of 5 tgt 142-143 and over all looking tgt short term 155-160 of wave 5 of 5
Jk tyre to cooldown in 4th wave then 5th wave upJktyre moved rapidly in 3rd wace and extended now in 4th wave is expected to be slow moving downwards least 116 and max 97 possible. It may take more than month and possibly form cup and handle pattern during process.
Stop loss 85 for target 160-175-185 in 5th wave.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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JK TYRES Bullish Trend is UP supported by EMA crossoversJK TYRES Bullish Trend is UP supported by EMA crossovers 20,50,100,200
JKTYRE Long View
WEEKLY Chart
1) Support Resistance relationship mentioned on chart
2) Price Reversed from FIB 38.2
3) Price moving in a Rising Channel.
Expecting Further Break.
4) Increased Volume supporting break.
Long Above 90(Sustained)
can fetch
96/99/105/109
Note: Use your timeframe of entry for checking sustainibility.This is positional trade, so higher timeframe should be followed.... Hope this helps..
Possible breakout in JK Tyre...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
big breakout many such stocks in midcap sector has seen this kind of breakout(not inverted head and shoulder) but reaching near 2018 highs, for eg. tata motors also has nearly same chart set up. look out for it and share your views. not a sebi registered advisor. views are for educational purpose only. stoploss- 94
Jktyre 1week chartNSE:JKTYRE
BREAKOUT WITH GOOD VOLUME.
ALL TYRE STOCKS LOOKING GOOD IN CHART.
MRF AT ALL TIME HIGH.
OVERALL SECTOR IS BULLISH.
#JKTYRE BO from Inverted H&S Pattern#JKTYRE has given BO from Inverted H&S Pattern. All details in chart.
JK Tyre...Ready JK Tyre – one of the leading tyre manufacturers in India that provides best tyres with an array of products including car/bus/truck tyres, bias/radial tires..
Target 86 soon
JKTYREPrice has broken above the major trend line and retested the price at new support with a rejection candle and the price is making higher highs and respecting the support trendline the price might reach towards the major resistance..
Reverse H&D on JK TyresLong term reverse H&D in JK tyres. Good volume breakout of the neckline (23.10.2020). Significant breakout from the long term down trendline also. Setting up a new trendline. Look for buying opportunities on the retracements.
JKTYREJKTYRE can be bought above 86 with SL of 81. For last three weekl the stock is under consolidation and there may be breakout in coming week.
