Home / Markets / News / MRF, CEAT, JK Tyre: Should you bet on tyre stocks? Here's what charts say

MRF, CEAT, JK Tyre: Should you bet on tyre stocks? Here's what charts say

JK Tyre was trading over 8 per cent higher after the company reported a strong operational performance for the September quarter.

MRF, Ceat : These stocks are gradually rising, should you bet now?

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The overall trend for Goodyear India is sluggish and may turn into a negative sentiment if the price fails to show a reversal.

Avdhut Bagkar Mumbai

3 min read Last Updated : Oct 22 2020 | 1:58 PM IST

Tyre stocks were in a roll in an otherwise weak market on Thursday. While CEAT traded around 1 per cent higher, Goodyear India was up nearly 0.5 per cent. JK Tyre, on the other hand, was ruling around 8 per cent higher after the company reported a strong operational performance for the quarter ended September 30. READ MORE

So, are the gains in tyre stocks sustainable? Take a look at what charts indicate.

CEAT Limited (CEATLTD): The overall trend has turned highly bullish with a “Golden Cross” formation of 50-day moving average (DMA), and 100-DMA with

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