Levels are marked on the chart. NSE:JKTYRE Education purpose only.
Is 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
The 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...
The entry(154), target and SL are marked. Bullish setup
jk tyres is after forming a rounding bottom for a year , now it is forming a descending triangle pattern , once it breaks the given resistance levels it can give a very good up move till 160-170-186.
Breakout and retest done. Expecting a upward move to marked targets **Educational View
im a beginner just sharing my views
If a breakout happens and the results today are positive, It will start bullish momentum.
JK TYRE is making a cup and handle pattern and a tringle range breakout pattern. Can buy at green lines and short at red lines. Best to buy when handle of the cup breaks with a volume.
CoVid situation has me a little bearish on the Indian markets. but JK tyre looks pretty nice here. The candlestick pattern on the Weekly is bullish, there's a nice bounce from the moving average on the same timeframe which was also around 61.8 % of the whole move to the upside. The Golden Zone. My targets are in 125-130 range. if this is an impulse , it could go...
JK Tyre took support on downward sloping channel trend line