The stock has finally broken out towards the upside after a lengthy period of consolidation, and all signs point towards potential gains. With the momentum firmly on its side and various technical tools indicating a clear path towards higher levels, now is the time to consider jumping on board. Apollotyre has the potential to soar towards price targets of...
Double Bottom Formation in Apollo Tyre
As we can see Apollo Tyre made Double Bottom pattern in Daily Timeframe and price has taken support on 50 EMA . The Apollo Tyre is trading above the 50EMA. Now it is trading near it's resistance zone 324.60 . Today is has closed above 324.60( above its resistance level). Now we can expect it can go further up upto...
1)WXY correction completed at 303.40
2) Again wave XX completed at 327.50.
3) stop should be place at 333.50 on a closing basis.
4) short should be initiated at cmp 328.50.
5) target should be 295 - 285
6) time duration within 40-45 days maximum.
7) Trade advice - sell APOLLOTYRE 330 CALL @ 6.5 AND WAIT FOR APRIL EXPIRY. ( TGT PROFIT 3500 X 6.5 = 22750 RS /...
NSE: APOLLOTYRE is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
Six Key rules in trading (Discipline/Patience/SL&TP/Less trade to make big money/Protect your trading capital and consistency)
We should work on our process, not the outcome of our processes.
The share market always has unpredictable fluctuations. I often make wrong judgments, everyone should learn to manage risk by themselves. Always remember you have to protect...
I have marked some important levels of Apollo Tyres. Keep in mind Price levels are not considered as pin point price. These levels can be treated as price zones so there could be buffer in prices. Kindly observe the behaviour when price reaches to these levels and trade only after retest means when price successfully establishes Support/Resistance. By using these...
NSE:APOLLOTYRE
305 act as support ,upside resistance will be 319 and 325.
dont buy when the stock is in downtrend atleast it should be 50% up of this triangle it means above 325 level.
when we get a proper rejection then can short .
$APOLLOTYRE has made a spinning-top (small body and long wicks) with very high volumes at a resistance. Stock was also making bearish divergence and has now closed below RSI 60. For a swing entry, short below spinning-top's low and place stop between open and close of the candle and target 2-3 times of the candle. For intraday, wait for a break below the swing low...
Apollo tyre at all time high and making a bearish strong candle can more fall in next session, and there is also trendline support if it breaks then it can more fall.
Apollotyre was consolidated in a very narrow range from one month and a breakout was given from the consolidated range retested that level and there is a high chance to momentum will keep on the upward side and give a good Risk Reward ratio.
Entry Level:- Above @340
Stop Loss:- Below @320
Target:- 1:1 or 1:2
