JK TYRE& INDUSTRIES, Daily Chart ( Investment Pick.)
JKTYRE Has given Wonderful Break-out with Very Good intensity of Volume, Above 2 years Long & Strong Resistance Trendline.
Can Buy Now at CMP 90, or if Get Dips,
With Stop Loss of 84 closing basis.
For Targets of 100.70, 108.50, 119.55, 131.25 & 140 Too.
DISCLAIMER.
I AM NOT SEBI REGISTERED ANALYST.
MY...
JKTyre supply & Demand analysis
The stock has come out of supply zone from last two years & breakout from a head & shoulder pattern
The volume is much more than average around highest in last 5 years.
The target comes around 110 by previous resistance zones & 145 by the height of the pattern.
Stop should be below 84 i think.
Hey guys!
JK Tyre has a great setup here. It has been following a strong trend line since mid-march 2020.
This trend line helped JK tyre breakout of the Ascending triangle pattern reaching 60+.
Currently JK Tyre seems to be forming a bullish pennant signalling a bullish continuation upwards.
Adding to that, The 50, 200 MA seems to be forming a Golden...
JKtyer successfully retest the Breakout zone buy cmp 169 or add on dips with SL 155 Target 230 hold for 6 month
Government Plan to impose antidumping Duty
