Tyre Industry . MRF J.K Industries: Balkrishna industries Good year Ceat India . Wait & Watch – Bullish Trend Yet to Confirm.
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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 5600–7800.
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).
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.
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