BlackPearlA

APOLLOTYRE Delivery Setup & Short Setup [Intraday]

NSE:APOLLOTYRE   APOLLO TYRES
NSE:APOLLOTYRE On 1H time frame apollotyre has been forming a bullish price channel with possibility of price rebounding from the main trend line . There are two possible setups in the near future:

1) Delivery Setup: Price can rebound from 172.70 with SL at 170.80 and potential target at 185. RR: 6.15
2) Short Setup: Sell at 185. 05 with SL 186.65 and TP 181.95. RR: 2

Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.