Can Apollo tyres break the zone this time with good volumes

Dec 12, 2020

Apollo tyres is at a key resistance level. This time it is moving up after the pandemic correction. There was some pullback last week, but it reversed with a big candle and volume. Need to see if the up-trend will continue or will it stay in the zone for some consolidation.

Dec 19, 2020

Trade active

After every up move the stock retraces back to around 70%, so there seems to be a possibility of retracement till 185 before an up move. This might also provide an affordable entry with a stop loss of 180.

Dec 24, 2020

Trade closed: stop reached

Sharp Market correction and price breaks trend and stop loss.