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UnknownUnicorn21160479
Sep 29, 2021 6:04 AM

Swing Trade- APOLLO TYRES Long

APOLLO TYRESNSE

Description

Apollo TYRES had a descending triangle breakout with volume and a retest at 224 levels. A good 4R swing trade, enter around 224-225 to enjoy targets up to all time high. Also it showed a good support at 55 EMA and retested at POC (Point of control) aka highest volume zone. A pin bar shows rejection from sellers and buyers win here. Keep SL below the 55 EMA. It is Also taking support at Bollinger Bands. Happy Trading!
Comments
vermalunar
hey i posted a same chart of apollo tyres and i like your analysis
UnknownUnicorn21160479
@vermalunar, thanks
ronishah96
perfect 👍
UnknownUnicorn21160479
@ronishah96, thank you
RamboGunner
good setup but unfortunate timing. Markets at the peak and this setup was formed. Are you still in the trade?
kamal9626
nice 💐
manishnathani
NICE ANALYSIS
UnknownUnicorn21160479
@manishnathani, thanks a lot
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