RESISTANCE level hit, a correction in Apollo tires is on the charts. although earlier bulls are more aggressive, it may cross the resistance in worst case (what's your views on this please let me know in comments) The background with light green color are indication for bulls taking the position and the Light red background suggest Bears are dominating in the region. This is my NEXT week analysis on APOLLO TYRES based on resistance line resisting the price move .
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Trade closed: stop reached
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Resistance line was already broken on 17 Nov and I have closed my position. I have missed the reports of robust recovery in earnings during the September quarter of apollotyres
@deen89, that seems too far, resistance line seems too strong to be crossed don't think 180 will be achieved before December. lets see what happens :)
deen89
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@badshah_e_alam,
Let’s see the market trend
deen89
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Have u seen today market Apollo tyre move ₹175.90 made maximum
TJalam
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@deen89, yes I have seen it you were right, Resistance line was already broken on 17 Nov and I have closed my position. I have missed the reports of robust recovery in earnings during the September quarter of apollotyres .
TJalam
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@badshah_e_alam,I would like to now how did you set the target for 180.
target Rs.180 from here & reverse ,
small correction will happen