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MTF Positional Pick - Buy JK Tyre & Industries Ltd For Target Rs. 192 - HDFC Securities

* Stock has broken out from Symmetrical triangle on the daily charts

* Price breakout is accompanied by higher volumes

* Stock has been consolidating for last 11 weeks

* Tyre stocks have started outperforming from last one week

* Nifty Auto Index has broken out on the medium term charts

* Primary trend of the stock has been bullish with higher tops and higher bottoms

* Stock has been holding levels above its medium to long term moving averages

Buy JK Tyre & Industries Ltd Up to 3 Months @ Average Level 148 CMP 156.20 TGT 192 SL 142

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