Apollo Tyre - Big Trendline Breakout for BSE:APOLLOTYRE by NeeteshJain

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Long

APOLLO TYRES LTD. (BSE:APOLLOTYRE)

BSE:APOLLOTYRE APOLLO TYRES LTD.

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It is been observed on the hourly chart that the price action breaks and closes above the previously down trending trendline , indicating a strong bullish move ahead. Now it shall further move up to next resistance levels at 210.

Target: 210
Stoploss: 193

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Hi Neetesh... It was great trade setup... However SL hit. No issues. Is it worth to enter above 195 with SL 190 for target 205?

Looks positive. Thanks. Entire Auto sector can be bullish for next week.

But it went down a lot yesterday after your Tweet.I had bought a large quantity of 2500 shares.What is the SL? Thanks

justDSingh

@justDSingh, SL mentioned is 193, if you could hold longer to 184 -81 levels which is previous strong support then you might be in better shape to take decision on your holding shares. Regards

Thanks.