JKTYRE - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Rating for JKTYRE: 3.2

JK Tyre & Industries Ltd shows signs of short-term weakness, making it a cautious pick for intraday trading today. Here's a breakdown of its technical and momentum profile

⚠️ Why It’s a Risky Intraday Candidate

Momentum Indicators

RSI at 37.8 suggests bearish momentum, nearing oversold territory.

MACD at -4.26 confirms downward pressure.

Price Action

Trading below both 50-DMA (₹355) and 200-DMA (₹352), indicating a short-term downtrend.

Recent price action shows lower highs and lower lows.

Volume

Current volume (3.11L) is slightly below average (3.50L), showing reduced trader interest.

Profit Volatility

Qtr Profit Var at -46.9% signals earnings inconsistency.

💰 Optimal Buy Price (Today’s Session)

Buy Zone: ₹341–₹344

Look for a bounce near ₹341 if price stabilizes with volume support.

Avoid buying unless price breaks above ₹347.8 with strength

1

.

🎯 Exit Levels

Entry Type Target Price Stop Loss

Support Bounce ₹347.8 ₹339

Breakout Entry ₹351.6 ₹345.5

📈 Already Holding? When to Exit

Watch RSI: If RSI drops below 35 and price fails to hold ₹341, consider exiting.

MACD Trend: Continued negative MACD slope suggests fading momentum.

Volume Spike + Price Rejection: If price nears ₹347.8 but fails to break with volume, exit to avoid reversal.

Would you like me to scan similar auto sector stocks with stronger intraday setups? Or maybe help you build a custom watchlist for the week?

1

dailybulls.in

Edit in a page