APOLLOTYRE -Cup and Handle Pattern - Breakout - Daily
APOLLOTYRE - Watchout for pull backs
It looks like you uploaded multiple stock charts, including for M&M Financial Services Ltd (M&MFIN) and Apollo Tyres Ltd (APOLLOTYRE). Here’s a quick technical analysis based on the charts you provided:
### . **Apollo Tyres Ltd (APOLLOTYRE)**
- **Cup and Handle Pattern with Double Bottom:** The chart displays a **double bottom within a larger cup and handle** pattern, which typically signals strong buying momentum.
- **Breakout:**
- The stock has broken through the resistance level of **₹558.00**, showing strong bullish momentum.
- Next major target appears to be around **₹687.05**, a rise of around **23%** from the breakout point.
- **Volume Spike:** There is a sharp increase in volume, signaling institutional participation and validating the breakout.
- **Support Levels:** After breaking through **₹558**, it should act as a key support, with **₹533** serving as a lower safety net.
Stocks showing bullish patterns with notable breakouts from critical resistance levels, indicating potential upside movements in the near term. The increase in volume on both charts further reinforces the potential strength of the breakout moves.
It looks like you uploaded multiple stock charts, including for M&M Financial Services Ltd (M&MFIN) and Apollo Tyres Ltd (APOLLOTYRE). Here’s a quick technical analysis based on the charts you provided:
### . **Apollo Tyres Ltd (APOLLOTYRE)**
- **Cup and Handle Pattern with Double Bottom:** The chart displays a **double bottom within a larger cup and handle** pattern, which typically signals strong buying momentum.
- **Breakout:**
- The stock has broken through the resistance level of **₹558.00**, showing strong bullish momentum.
- Next major target appears to be around **₹687.05**, a rise of around **23%** from the breakout point.
- **Volume Spike:** There is a sharp increase in volume, signaling institutional participation and validating the breakout.
- **Support Levels:** After breaking through **₹558**, it should act as a key support, with **₹533** serving as a lower safety net.
Stocks showing bullish patterns with notable breakouts from critical resistance levels, indicating potential upside movements in the near term. The increase in volume on both charts further reinforces the potential strength of the breakout moves.
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