LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
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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...
LIKE AND FOLLOW
While I made some money in shorting apollo tyres recently, on a zoomed-out view this looks like a large flag and pole pattern. Two large targets of 400 + and 600+ are visible.
Just fyi I am not bullish on auto sector for a while. I hope apollo tyres has something up their sleeve which can pull this out.
This is just a chart pattern discussion. Please trade your...
APOLLOTYRE which was Trading in a down channel has gone bearish and gave a breakout on downside of the channel
below 207.5 the stock has high chances to fall till 200 and if 200 breaks which has most PUT writing then more fall is expected
Currently Selling pressure in Major indices and fear mood of market would Help us going short on it.
After a good uptrend Apollo Tyres was in consolidation which is making a flag and pole pattern. We can see the breakout of this pattern and a very good uptrend. So keep an eye on this stock for a swing trade.
Comment down your thoughts below.
tyres sector looks bullish as uou can see smp is the support of apollo tyres which can any time shot up for 235+ the reason behind this y tyre sector is bullish is ceat future plans and i have also attached ceat chart analysis you can check it and if you liked this idea press the like button