Jktyre 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...
JK TYRES Bullish Trend is UP supported by EMA crossovers 20,50,100,200
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...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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
NSE:JKTYRE BREAKOUT WITH GOOD VOLUME. ALL TYRE STOCKS LOOKING GOOD IN CHART. MRF AT ALL TIME HIGH. OVERALL SECTOR IS BULLISH.
#JKTYRE has given BO from Inverted H&S Pattern. All details in chart.
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
Long 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.