JK Tyre is one of the widest distributed tyre brands in India. The company’s tyres are marketed under the brands of JK Tyre, Vikrant and Tornel.
The company has the highest market share in truck radials and is amongst the largest players in India’s truck bias and passenger car segments.
It retested lower band of its consolidation range in Nov, 2015 and rebounding strongly since then. The current chart pattern indicates possibility of upward breakout from the prevailing range in near future so traders should accumulate in the given range of 112-117 with close below stop loss of 104 for the target of 148.