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APOLLOTYRE

MyAlgo : xMRSI-Progresser: Intraday : 15Oct-APOLLOTYRE-Long BasBased on my xMRSI-Progresser predictive trading methodologies, its going to be a GREEN candle on 15-Oct-2018 for APOLLOTYRE Buy Above(5Min candle close): 217.6 for targets - T1: 219.2 T2: 220.2 T3: 221.2 SL: 215.9 Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
NSE:APOLLOTYRELong
by MuthiahM
APOLLOTYRE: BULLISH SIGNATUREAPOLLOTYRE price action is at an interesting stage where a breakout is nearing. The logic is not explained here as I am still testing those. 1) Enter into the trade tomorrow on 11 Sep as the price movement is expected to be within a limited range of 250.5 to 255. One can go ahead with OPT 260 CE currently priced at 5.25 Place SL and Exit if the price breaches 249.50 2) Target is set at 262, Book partial profits along the way or Square off on 12 Sep just before market closing. To maximise profits, on 12 Sep book profits at 11:30 am and re-enter trade at around 2:00 pm and finally exit before closing bell.
NSE:APOLLOTYRELong
by satishsingh0910
Apollo Tyre - A reversal uptrend in the making...Apollo Tyre - one of the leading Tyre manufacturing company of India and a wonderful scrip for the traders as well as investors in India, was in a downtrend since quite some time. The counter hit high of 249.8 in the month of February 2015. The high was achieved due to the continuous famous bull run of 2013-14. The counter suddenly fall in the month of February 2015 and since then moving downward with periodic consolidation. The counter was under observation since last few months as it tried to start uptrend by moving significantly in the upward direction and failed. I was observing the counter with a great amount of curiosity that something positive will definitely occur in near future. This was going on since last 2-3 months. At last, I found something on the charts. A Gap down Doji. What is so significant about it? Following are the arguments in the support. 1. A gap down Doji at the bottom of any trend or move creates possibility of making a morning star pattern on the charts. 2. The low of the day - 173.35 was almost similar of the previous low of 172.3 of current down trend generated on 24th November 2016. Means the price was on the support level. 3. Third positive point was that the closed price was just above the daily pivot S1 of 173.4. The matter is of next day's stock movement. It was a bit disappointing for almost major part of the morning session on 16th February 2017. The stock opens gap up with the difference of 10 paise and went down to hit the low of 171.6. The heart breaking move of the stock in unexpected direction. Suddenly the table turned with the counter hitting low of 171.6 and immediately it started moving upward and breaks the open of the day. But again it went in consolidation and stay around 173 till 14:30. The last hour of trading was very decisive. The counter started showing some movement and crossed the level of 174 in intraday. We immediately smell the situation and enter the counter for intraday trading. The stock hit the intraday high of 179.7 before 15:00 same day and the closed at 178.9 after some fluctuations. The pattern of Morning Star was formed on the daily charts and a positional buy call was generated. But it was too early to take a decision. We watched the counter for few more days. At last the day of ultimate breakout arrived on the 23rd February 2017 when the stock registered a commanding breakout candle on the daily charts hitting high of 185.15 and closing at 184.45. The breakout candle was significant because it also broke the resistance line on daily charts. The ultimate positional buy call was generated. I recommend the Buy in Apollo Tyre and follow the counter with dynamic SL for longer periods. Immediate target can be 200 and SL can be 175. The buy call is also supported buy a bullish hammer on monthly charts. Enjoy Trading...Trend is Friend
NSE:APOLLOTYRELong
by TusharDave