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APOLLOTYRE

YR 2022 Idea #124: Long on APOLLOTYREThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
NSE:APOLLOTYRELong
by onerighttrade
Analysis for Monthly Chart of ApollotyreKeep the stock on the radar for the breakout of Resistance1 (262) This breakout of Resistance1 will also give the breakout of Ascending Triangle Pattern. The stock has the potential to become an Multibagger stock. Important Points Ascending Triangle Pattern The Resistance and the Upper Length of Ascending Triangle are at the same level. Analysis of Pattern Formation of Ascending Triangle Pattern The Resistance and the Upper Length of Ascending Triangle are at the same level. Analysis of Moving Averages The stock had started its correction in April 2018, which was completed by testing its 200ema. During correction the four ema of 20,50,100,200 periods comes close. From Dec 2020 the stock has been consolidating by trading above the four ema lines. The Expansion and Contraction of moving averages makes a wave like pattern
NSE:APOLLOTYRELong
by ssvirdi
Will bull traders drive Apollotyer above Rs.300?Preface APOLLOTYER is preparing for a bull run. After completion of the 3rd wave at 261.2. Price had started a corrective wave ((4)) and took 38 weeks to finish this structure. A trader can trade impulsive wave ((5)) to make a high confidence trade setup. Wave Formations and Fibonacci relationships: Wave ((1))is an impulse with a 5-3-5-3-5 wave structure. Wave ((2)) is a zigzag move. Fibonacci retracement of wave 2 is 50% of 1st impulsive wave at 109.55. Sub-wave of wave 2 fulfilled the rule of equality (wave A= wave C) Wave ((2)) is not exceeding the starting point of wave 1. Wave ((3)) is an extensive impulse. 3rd wave has 261.8% retracement of 1st impulsive at 261. Wave ((4)) is a triple three with a 3-3-3-3-3 wave structure. It retraced 38.2% of the 3rd wave and did not overlap the starting point of wave 1. What will happen next? Completion of sub-wave z indicates that the corrective wave has ended. Price has started forming sub-waves of wave 5. The sub-wave z of wave ((4)) has formed a descending channel. If the price breaks descending channel and close above sub-wave ((b)) at 237, it will confirm the impulsive behavior. (Note that the ending point of the corrective wave is the starting point of an impulsive wave.) A trader can expect the following targets:237-250-279-297+ Target 1: 237 Target 2: 250 Target 3: 279 Target 4: 297+ The safe traders can wait for the breakout of wave X. If the price fails to break the wave X, correction is about to make a new leg down. They can enter on the pullback to enter where they can manage risk with tight stop loss. Invalidation: pullback can't break the low of wave ((4))
NSE:APOLLOTYRELong
by forextidings
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