JKTYRE - Technical Analysis

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

Technical Rating: 2.9

Here’s a detailed technical breakdown of JK Tyre & Industries Ltd (JKTYRE) and its short-term outlook

📊 Trend Analysis

Current Trend: Reversal to Downtrend

Price Action: Trading below both 50 DMA (₹355) and 200 DMA (₹352), indicating bearish pressure.

52W Index (49.1%): Price has retraced significantly from its 52-week high (₹459), suggesting a loss of momentum.

📈 Momentum Indicators

RSI (37.8): In bearish territory — signals oversold conditions but no clear reversal yet.

MACD (-4.26): Negative crossover — confirms downward momentum.

Volume: Below 1-week average — indicates weak buying interest and low conviction.

📉 Volatility & Bands

Bollinger Bands: Price likely near lower band — potential for short-term bounce, but trend remains weak.

Beta (1.2): Moderate volatility — price swings can be sharp during trend reversals.

📌 Support & Resistance Zones

Level Price (₹)

Immediate Support 340 (recent low)

Strong Support 325 (trendline base)

Resistance 1 355 (50 DMA)

Resistance 2 370 (supply zone)

Resistance 3 385 (swing high)

🎯 Entry & Exit Zones

Optimal Entry: ₹325–₹340 (if price stabilizes and RSI improves)

Exit / Profit Booking: ₹370–₹385 (if bounce occurs toward resistance)

🔍 Short-Term Signals

Momentum: Weak — RSI and MACD both suggest caution.

Trendline: Price has broken below key support zones — confirms reversal.

Consolidation: Not evident — price is declining with low volume, not stabilizing.

Would you like me to track this for a potential recovery setup or compare it with other tyre sector stocks like CEAT or MRF?

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