Einstein15

APOLLOTYRES Support Breakout

NSE:APOLLOTYRE   APOLLO TYRES
APOLLOTYRE             is in the breakDown /Reversal zone of its long term Median line .
ALso 618 FIB is acting as a resistance

im new pl tel
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wat is it cald , wat digram , tat round one
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@kimara, arcs.
the important thing there is that the GREEN NECK LINE is being respected by the price action..<u dont need the arcs even. Just the green line has to be identified.
if you see that whenever the price crosses above the neckline, it gives a little move up. same when it cross down , it gives a down moment.

On other hand when it touches and cannot break the line, it reverses down.
so neckline act as a good Support/Resistance line that price swings around.
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kimara Einstein15
@Einstein15, thakq
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