JK Tyre Builds Bullish Momentum: Watch Support at 362 and Target Resistance Near 386

yres currently shows a mildly bullish technical stance. The stock has recovered from recent lows around 311 and is now trading above key moving averages near 365–370, indicating positive momentum. The short-term support zone is between 362 and 365, with resistance targets around 380–386. Volume support is moderate, and the stock could attract buying on dips near support for a potential rally towards resistance levels. However, if it falls below 362, there may be a short-term correction. Fundamentally, JK Tyre shows healthy long-term growth with a 23.65% annual increase in operating profit. Despite recent profit declines, institutional holdings are high at 22.53%. The valuation appears reasonable with a P/E around 22 and a good dividend yield of 0.81%. The market cap is about Rs 10,129 crore, making JK Tyre a resilient stock with potential for recovery in the medium term.