In daily time frame its now breaching through a daily support and entering into the KUMO zone. In hourly it has given a breakdown at 208 Sustaining below 200 on closing basis could take it to 180. Any pullback till 208 could witness selling pressure.
Appears to be ending its hourly triangle. It could rally till 12475 provided it does not break 12150.
Huge falling from July 2017 to Jan 2020 as high as 780 to as low as 280. Its making a new pattern now, Considering falling rsi and selling volume . Got to see if it makes new pattern of break out or break down .
When a newbie enters in to trading world, he/she dont have fear about trading. And ofcourse they dont have technical knowledge. Once they lost their savings in trading, they start to realise the mistakes they have done in trading. And fear of losing money occupies their mind. Will you start a business with out knowing anything about it? With out knowledge in it? ...
apollo tyres long term short view
taking a support on long term trend line and bouncing
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POSITIVE CHART STRUCTURE
Buy above 121.45 for 127-142-175 with SL 114.8