JK TyreForming a bullish pattern and entry above day closing 237 is a safe entry.
Additionally, Bullishness is being confirmed by monthly and weekly RSI crossing 65
JKTYRE trade ideas
JKTYRE MOVING OUT OF SLEEPJktyre looks promising above 170 closing, it can retest its highs of 200 soon++
entire sector is looks strong as rubber prices are falling and also its peers are doing well
time to add in folio for decent gain of returns
JK TYRE - Pole & pennantJKTYRE - Pole & Pennant breakout
Good targets possible here, if held for a few months.
BUY JKTYREBuy above 175 on closing basis
Sell at 190 200
Consolidation at lower volumes can be a sign for breakout.
Book profits accordingly.
Classic Chart Pattern.JK Tyre - Another one in my focus list. A fantastic symmetrical triangle & has recently shown some nice contraction in volumes too. Hopefully a nice & clean breakout.
JKTYRE crossing MA 200JKTYRE is about to cross MA 200 and just recently crossed the EMA200.
Strong breakout can be seen from MA200 level if it is able to sustain the resistance.
Share your thoughts ...
JK Tyre Looks good after Multiyear Breakout and RetestingJK Tyre & Industries is the flagship company of the JK group which is headed by Dr R P Singhania as its chairman and managing director. It is a one of the leading tyre manufacturers in India and amongst the top 25 manufacturers in the world with a wide range of products catering to diverse business segments that includes Truck/Bus, LCV (Light commercial vehicles), Passenger Cars, MUV (Multi utility vehicles) and Tractors.
Triple topAfter inverted head and shoulder pattern break out now price is moving towards key resistance area it may consolidate or breakout from this supply zone
JK tyre looking good I see that jk tyre is forming rounding bottom, Accumulation area would from 165- 185. In future jk tyre will reach new high in upcoming days. my targets will be 205, 242, 272 and 292. Stop loss would be around 145 -150 it will take time period of 30- 90 days. Do you own analysis before taking trades.
JKTyre consolidating above 146 from long time.After long consolidation, JK Tyre can take jump and can go towards one of the two blue lines
Breakout from Triangle patternJK tyre has BO'd from triangle pattern and moving up...targets marked...i am thinking short term.
Jktyre 1w*for educational purpose only it's not a call. Do your own analysis.
Stock may give breakout soon, keep watching it
JK Tyre at Resistance Zone - Short OpportunityHi Traders,
As you can see in the above chart , JK Tyre CMP is Rs.153.40/- and currently price is at resistance zone and you can take the short trade at CMP on Monday market after observing first 1 hour candle (it should be in downward direction -Red candle, then only take the trade) and target can be Rs.130 to 125 (Profit per share is Rs.23.4 to 28.4) and stop loss is based on your risk appetite.
Otherwise, if the price on Monday breaks the resistance zone in the upward direction then there is a another strong resistance zone at Rs.185 to 195, wait until price enters the resistance zone. After price enter the resistance, if a candle (1 hour candle-Red candle should be formed ) is formed in downward direction and closes below the Resistance zone (i.e. below Rs.185/-) then you can take the short trade and target is Rs.135 to 130 (Profit per share is Rs.50 to 55) and stop loss is based on your risk appetite.
This analysis is for short term trade (i.e. Positional trade) and not for intraday trade.
Note:
This is not a financial advice, please trade at your own risk.
Thank you. Enjoy the trade.
JK Tyres WeeklyIs this a good cup and handle? Price spiked in Jan and then made a u-shape bottom with volumes drying up. Volumes and price surge on June 18 followed by price compression and volumes drying up. Now breaking out
JKTYRE - Bull Flag Breakout - Swing trade Target = Lifetime HighThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
For understanding how to trade a Bullish Flag Structure, refer to the ideas linked below.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
