JK TyreTrying to break multiple tops at current levels. See an upside of another 10 to 15 points if it breaks out of this long term resistance zone.
JKTYRE trade ideas
JKTYRE INVESTMENT FOR DIWALI 2021 MUHURAT STOCKJKTYRE READY FOR INVESTMENT FOR UPSIDE LEVELS OF 85-99-120 IN NEXT 8-12 MONTHS
VOLUMES ARE REALLY GOOD AND CAN SEE GOOD UPSIDE IN NEAR FUTURE
JK Tyre Descending Triangle PatternJK Tyre has given the breakout from descending triangle.
This Idea is for educational Purpose only.
A possible 50 % profit in 6 monthsAccording to my analysis, JK tyre may provide a return of 20% in 2 months. "Not a suggestion for anyone, my personal analysis only"
Jk Tyre creating falling wedgethis fib retracement point is most important point for trend reversal also this is creating falling wedge and this a bullish pattern.
thank you
earnology
BUY JK Tyres Between 80 - 82. SL 73, Target 93Stock is nearing the supply zone in the one month chart and I find this a good entry point. There is no strong support seen below 73. Maintain a target level of 93 for a decent profit.
JKTYRE day chart studyJKTYRE day chart study
135 and 131.5 are going to be crucial levels to watch out for before taking any position.
JKTYRE trying to break outJKTYRE has taken support at weekly demand zone and now trying to break the trendline to move UP.
Close above 132 would be good to enter (or RSI needs to close above 40) with immediate SL 124
On the above side 140 would act as resistance and close above would take it to 150 and above
Buy Setup JKTYREJKtyre is showing reversal sign and respected its previous low
Good Buy around 146 for
T1 = 154
T2 = 159
T3 = 169
SL = 139
JKTYRE weekly chart studyJKTYRE weekly chart study
1) Triple top bearish divergence on RSI
2) MACD bearish divergence showing depleting strength in the prevailing bullish trend
3) In coming days it could test 155-150 level.
4) below 135 the correction up to 100 could be quick and swift
