raj_rishav

Apollo Tyres - Doji Loji

BSE:APOLLOTYRE   APOLLO TYRES LTD
The stock rebounded from 50 DSMA.
I expect the stock to have another Doji between 100 DEMA at 112.7 which has acted as a strong resistance and 50DSMA at 107

Follow ORB in the direction of NIFTY for the aforesaid targets.
A clear break above 113 on the hourly chart should open significant upswing! Beware of Bull Traps though. Check for confirmation.
Trade active: Sell triggered following ORB - Target 107.5
will re-enter for buy on reaching target
Comment: Trailing SL modified to 110
Trade closed: target reached

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