Goodyear India
One of the tyre stocks which has not zoomed up over the past few months like Ceat and JK Tyres.
Volumes have picked up in the last 2-3 weeks and stock has also closed above the trendline
Its a huge triangle formation which gives us an upside to 450 +
One can look to buy a small position here and add on dips to 330-345 could be a good area to add.
Disclosure: Recommended to clients at 335-345.
Nooresh Merani
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