VR_Securities

Apollotyre Bearish

Short
NSE:APOLLOTYRE   APOLLO TYRES
Apollo Tyre ki Hawa nikal chuki hai aisa lag raha he. Puncture ho gaya he. Big bearish engulfing candle at the top and made Double Top formation.
High volume candle low gone by another high volume candle. EMA negative crossover and price is in lower bollinger band. Take entry either on retracement or double top breakdown.
Daily RSI is below 60
Daily stochastic is in negative crossover stat
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