📌 JK Tyre – Classic Retest + Breakout from Major Supply Zone

The stock has decisively crossed above the long-term resistance at ₹398–402, a level that acted as a supply zone for almost 14–15 months. This breakout now converts that zone into support — a big structural positive. ✅ 1. Big Multi-Month Resistance Broken The ₹398–402 level was tested multiple times (Feb, Apr, Jun 2024 + multiple attempts in 2025) Each time, sellers dominated → range formed → sentiment turned sideways Now the candle has broken out with a wide body and strength, showing fresh demand + short covering + breakout buyers This type of breakout after a year-long consolidation has higher reliability and longer trend life. ✅ 2. Breakout After Accumulation Before breakout, the stock created: A higher-low structure A rounded bottom formation A multi-month accumulation zone This indicates smart money entry before breakout, not a random move. ✅ 3. Volume Confirmation (Visible in your chart) Volume around breakout is higher than average Confirms that the move is institutionally supported, not a weak breakout