5 Years #Multiyear #Breakout at #JKTYRE (JK Tyre & Industries Ltd) Weekly Chart. Its #Outperformed #Nifty.
BSE: 530007 \\ NSE : JKTYRE
HEAD & SHOULDER FAILURE :-
Head and Shoulder is a reliable reversal chart pattern that forms after an advance or a decline and the completion of the formation suggests a reversal of the existing trend. Global Equity Markets...
Stock Name - Jk Tyre & Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 162
#This is not Buy and Sell recommendation to any one. This is for...
All detail for chat. good entry at mark price only. and must stoploss . minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
NSE:JKTYRE
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
NSE:JKTYRE
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
jktyre given breakout with good volume and rsi is also above 60 showing strength.
cmp is 135.95 we can buy it at retracement between 128-132 for the quick target 1 of 142 and if you can hold few weeks more then upside is open for this stock.
stop loss for this trade will be any daily candle closing below 118
JKTYRE has broken neckline of double bottom pattern which was formed after downtrend. Swing traders may look to enter in this stock if it retraces back to it's neckline.
