TradingView
ReeAishw
Feb 22, 2021 7:00 PM

Apollo Tyre Fibo + Demand Zone + Multi time Frame  Long

APOLLO TYRESNSE

Description

In 15 mins stock is nearby its lower trendline, Currently undervalued as shown by the valuation band in 1st chart. Also standing on Demand zone.
In 2Hrs timeframe it has completed 61.80% retracement and also nearby 100 ema.

The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence

If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)

HAPPY TRADING!!!
Comments
gkinoct2020
What's stoploss?
210?
ReeAishw
Arsh2651
hello mam. mere pass kuch share h 254 ke rate . kuch advice ha hold Karon ya sell krdoo ya or add karloon
ReeAishw
@Arsh2651 hie first of all never invest when the stock is soaring up. always wait for a pull back to join the ralley. now that you have done please remain invested.

please educate yourself regarding pullback trading
Arsh2651
@ReeAishw,OK mam, and thanks for support
More