APOLLOTYRE
is making a bearish triangular pattern It can give a good fall starting tomorrow. However if the base trend line of triangle is not broken then the stock will move into sideways trends for some time. Inn that case it may not be good bet for the expiry.
Monday's trade for sept expiry: Sell below 248. SL 252. Overall (not limited to expiry) Tgt 227
OR
Buy above 255. SL 251. Tgt 262
Trade active:
Trade trigggered. Stock went below 248.
Comment:
Keep SL of 243
Trade closed: stop reached:
SL Hit.
Loss -> 248 - 243 = 5
If you traded in 1 lot your loss is -> 5 * 3000 = 15000
Loss -> 248 - 243 = 5
If you traded in 1 lot your loss is -> 5 * 3000 = 15000