JYOTIRES - Soon to give a breakoutAs per my analysis #JYOTIRES is getting ready for a next leg up and soon to breakout of its all time high. Nice risk to reward setup is being formed. Weekly setup Aug 19th week's candle is a bullish looking candle and had a great volume as well. This candle can be considered as a support level and it looks like it has been holding the price well and now the price is consolidating in a tight range which can be explode soon for the first target of around 1650-1670 price range and next target would be around 1800. Once the breakout happens successfully, predicting that the price might go upto 2640 and above range, but that would take a long time. SL around 1360-1365 would be nice.
THIS IS NOT A BUY SELL RECOMMENDATION, IT IS JUST FOR EDUCATIONAL PURPOSE ONLY.
