As per my analysis #JYOTIRES is getting ready for a next leg up and soon to breakout of its all time high. Nice risk to reward setup is being formed. Weekly setup Aug 19th week's candle is a bullish looking candle and had a great volume as well. This candle can be considered as a support level and it looks like it has been holding the price well and now the price is consolidating in a tight range which can be explode soon for the first target of around 1650-1670 price range and next target would be around 1800. Once the breakout happens successfully, predicting that the price might go upto 2640 and above range, but that would take a long time. SL around 1360-1365 would be nice.
THIS IS NOT A BUY SELL RECOMMENDATION, IT IS JUST FOR EDUCATIONAL PURPOSE ONLY.
THIS IS NOT A BUY SELL RECOMMENDATION, IT IS JUST FOR EDUCATIONAL PURPOSE ONLY.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.