ParamjitMahapatro
Long

apollo tyre looks bullish in short to medium term.

NSE:APOLLOTYRE   APOLLO TYRES
In daily, price is consolidating above the ascending channel support. Bounce back is expected here.

sl - 246, tgt1 - 285, tgt2 - 295.
Trade active: price reversed from the channel support smartly, till now 263.35.
Trade closed manually: it looks bearish now, reason:
1. ascending wedge/ending diagonal, pattern confirmed after support broken
2. regular bearish divergence
3. 5 wave impulse completion in daily.
,

so it can retrace to 38.2 - 50 % levels
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