Apollotyres looks bullish, Price rejected from all time high supply levels and
Price is trying to cross all time high again with good volume,
Higher time frame candles also looks strong and there is small cup pattern in daily time frame,
we may see price breaking all time high and move towards 315/330 levels very soon or
it may consolidate some time and go to...
This 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. ...
Keep 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.
Ascending Triangle Pattern
The Resistance and the Upper Length of Ascending Triangle are at the same level.
📈 Apollo Tyre 📉
My Findings :-
1. Breakout from a swing high and Resistance Zone.
2. Close above March high.
3. Higher High and Higher Low formation.
4. Auto Sector is in Uptrend.
Target- 227, 243 and 259
RR- 1: 2
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult...
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....
Apollo Tyres Ltd - 07.01.2022
The stock is trading @ 233 levels
There is a strong resistance zone @ 239 levels
The prices are above ema
There is a Triple MACD Bullish Divergence in Weekly Chart
Stochastic is overbought
RSI is overbought
watch out for the price actions
Apollo Tyres Ltd - 23.12.2021
The stock is trading @ 210 levels
Let the prices go above 215
There is a MACD Bullish Divergence in Weekly Chart
The prices are near EMA
One can initiate a buy position above 215 with support @ 207
Watch out for the price action
APOLLOTYRE breaking out the resistance of channel pattern and sustained the level. Considering the consolidation above resistance signifying the quick up-move followed by the consolidation.
APOLLOTYRE has been facing resistance at 235-236 level since a long time. It has tested it many times.The more times a stock hits a level again and again , it becomes weak. And can be broke easily.
T- 260 280 300
APOLLO TYERS trading on triangle pattern exerting to break upside for complete the pattern now its trading on down trend target will be 200...
LAUNCHING SUB BROCKER SOON SUPPORT US...
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