JKTYRE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.3

Here's a detailed technical analysis of JK Tyre & Industries Ltd. (JKTYRE)

📊 Trend Overview

Current Trend: Trending Upward

Price is above both 50-DMA and 200-DMA (₹348), confirming bullish momentum.

RSI at 71.3 indicates overbought territory — a sign of strong momentum but also caution for short-term pullback.

MACD at 10.6 is positive, suggesting continued upward momentum.

📈 Moving Averages

50-DMA & 200-DMA: Both at ₹348 — convergence here acts as a strong support zone.

Price Action: Trading at ₹374, well above moving averages, confirming bullish bias.

📉 Momentum Indicators

RSI (14-day): 71.3 — Overbought zone, potential for short-term correction.

MACD: 10.6 — Bullish crossover, momentum intact.

Volume: 3.37 lakh vs 1-week avg of 7.64 lakh — Declining volume may signal weakening buying interest.

📊 Bollinger Bands

Price likely near upper band — suggests overextension.

Watch for consolidation or pullback toward middle band.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 348 Strong base at DMA convergence

Support 2 320 Previous breakout level

Resistance 1 390 Minor resistance zone

Resistance 2 437 52-week high, major resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹348–₹360 — On pullback near DMA cluster.

Exit Zone: ₹390–₹435 — Near resistance levels for profit booking.

🔍 Short-Term Signals

Momentum: Strong — MACD bullish, RSI overbought.

Breakout Potential: Moderate — Needs volume confirmation.

Bias: Bullish — But short-term caution due to volume drop and RSI.

🧭 Summary

JKTYRE is currently trending upward with strong technical indicators. Price is well-supported above key moving averages, and MACD confirms momentum. However, RSI and falling volume suggest a potential short-term pause or pullback. Ideal strategy: enter on dip near ₹348–₹360 and target ₹390–₹435 for exit.

Sources: TradingView Technicals

1

, StockPriceArchive Forecast

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, Trendlyne JKTYRE Dashboard

3

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in.tradingview.com

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stockpricearchive.com

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trendlyne.com

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