JK TYRES
- As previous report published on JK TYRES, stock has shown sharp up move after breaking its resistance @ 190 and touched its resistance @ 213 in just 2 trading days. (Click here to see previous report published on JK TYRES).
- As per current technical analysis charts no1, JK TYRES is moving up from strong support 357.50 its 23.6% fibonacci retracement, it looks stock will favor bulls a long as Jk Tyres trading above its support zone.
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- As per stock analysis chart no2, stock is also facing its previous high resistance @ 391.55 (161.8% fibonacci retracement). Once stock closes and stays above 391.55 then looks bulls and will favor bulls for next few trading days.
- Intraday Tips - Close watch once JK Tyres starts trading above 391.55 during market hours if holds above 391.55 then intraday bulls action is expecting.
- Also See - RELIANCE COMMUNICATIONS facing strong trend line support, further weakness expecting once stock closes below.
- According to chart no3 , Stock is also moving up from 5 days moving average this will favor bulls, and stock major trend indicator like "MACD" and "Stochastic Oscillator" is moving in +ve zone this indicates as long as they are positive zone price improvement can be seen.
- Click here to see all the free trading reports (tips) published by us on JK TYRES.
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