thereplicant
Short

Apollo tyres - Possible short trade

NSE:APOLLOTYRE   APOLLO TYRES
PA in Apollo tyres shows a possible short trade near ATH zone. I will be taking a short trade at the edge for a 5:1 odd RR. Target can be deeper but that I shall update once we see the Price Action.
The other possibility is that the price can make new highs and then give us a reversal. Lets watch.
Trade safe and take care!
Comment: I was expecting the price to reach high into the short area however price has reacted from the short area and is falling. If the target is not reached then most likely price will return back deep into the short zone for another short.. Lets wait and watch.
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