shiv2798

Apollo Tyre Long for Short term Holding

Long
NSE:APOLLOTYRE   APOLLO TYRES
2
its been rising since from recent low , I consider to Enter after Close above 204 for Target of 224 in week time with Stop as 201
if price fails to cross 204 you can look for downward
its Good only for Holding
Cheers
Trade active: Price gaped up but struggling to move ahead , if successfully close above 204 then can lead further to target of 224
Trade closed: target reached: You can see the Pure price action trading can result huge profit using support and resistance , from 202 to 230 in 17 trading days which amount nearly 13.85% net profit for short term holding , and the risk was nothing only 3 Point which is Just 1.25% of investment ,
My point is when you use strong support and resistance with clear understanding of price action , You can make pretty good income form this short term holding ,
if you are not holding the stock in the stock market and trying to do day trading I would suggest you to invest 80 % of your capital in short term holding and 20 % use for day trading , also try to learn more deeply and use all kind of tools in this trading view , which is very good
Regards
Trade closed: target reached: From 195 to 248 in 40 Days Making a profit of 30 % in 40 Days
Strong knowledge of Support and resistance would give good returns in Short term holding
Regards
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