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Sindbad_the_trader

Apollo tyres short term trade idea

Short
APOLLO TYRES (NSE:APOLLOTYRE)  
Sindbad_the_trader Updated   
NSE:APOLLOTYRE   APOLLO TYRES
Chart Patterns
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chartpattern
After dropping to 197.75, Apollo tyres has recovered 20% (~40 points) in last 30 days and is currently trading at 231.60. It is likely to reverse in the short-term towards 20days MA before proceeding upward.

Short Entry below: 230.45
SL: 237.50
Target: 221.5

Thanks
AAsta

Order cancelled:
Short entry not triggered. Stock now looks bullish for long bet.
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