Tyre Industry

1
Tyre Industry

• MRF
• J.K Industries
• Balkrishna industries
• Good year
• Ceat India

2
Wait Watch Bullish Trend Yet to Confirm

• MRF Technically the stock keeps us in a wait
  Watch status since reversal is not confirmed.
  The stock witness a strong support at 3500-3600.
  We could expect a positive turnaround up to 4000
  levels initially. If it manages to consolidate
  and maintain a close above 4000 levels on weekly
  basis, We could see a further target of
  56007800.

3
On Consolidation

• J.K. Industries We could see some consolidation
  happening in the range of
• 130-140 levels. A
  Positive move is expected only if the
• scrip closes above 145
  on weekly Basis with target 200-275). 

4
Bullish Trend

• Balkrishna Industries The scrip slips from the
  Higher levels of 1055 and
• manages to take a support at
  440 levels on weekly basis.
• We recommend a Buy only on
  dips.
• Good Year The scrip has turned bullish at
  current levels. We expect a
• positive target of 285-450
  on long term basis.
• Ceat Buy at current levels with a
  Medium Term Target of 208
•     Level of 332 is possible on Long Term
  Basis.

5

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• Stock Share Brokers, New No.2 (Old No.52)
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