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NeeteshJain
Nov 21, 2017 5:44 AM

Apollo Tyres - Long Awaited Breakout  Long

NSE:APOLLOTYRE1D
APOLLO TYRESNSE

Description

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It has been observed that the price action trending downward for past few months and dropped from 290 to 230 levels. Now, the price action breaking above the downward trendline which will indicate a strong buying pressure and buyers comeback. Once it closes above 243 levels then it shall confirm the upward rally from here on and every dip shall become a buy.

T1- 250
T2- 250
SL- 230

Trade active

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Trade active

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It is crossing 243 levels which will further boost the rally. Thanks

Comment

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As expected, it got the faster momentum after crossing 243 levels, now at 245

Comment

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T2- 260*
Thanks Shevam for correction.

Trade closed: target reached

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T1 reached successfully. Still looking strong.

Trade active

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Supply and DemandTrend LinesDouble Top or Bottomapollotyresbreakout
Comments
narsinva
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Nice one Neetesh. Did retest and moving up now.

Similar structure in COLPAL.
NeeteshJain
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@narsinva, Yes, it looks good too. Thanks for sharing.
iamgk
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Good. Thanks for sharing.
shevamkothari
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sir by mistake u hv written T1- 250
T2- 250
SL- 230.

pls correct.

thnaks.
NeeteshJain
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@shevamkothari, Thanks for pointing out, now corrected.
shevamkothari
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Apollo Tyres any view please.
NeeteshJain
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@shevamkothari, Looking good, shall reach to 285-290 levels.
Shobhit89
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@NeeteshJain after your chart on Apollo Tyre, I could see many advisers and analysts posting same... :)
NeeteshJain
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@Shobhit89, Yes, it's everyone's favorite and we should be glad to jump on it initially. Now, the rally should boost up. Thanks
dcchakravarty
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Trade closed: target reached: T1 reached successfully. Still looking strong.

Sir Day High is 249.80.. T1=250.

Wait of Exit ?
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