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)
please like, share and comment if you have any suggestion regarding this analysi
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
Buy above 237.70
SL @ 228.80
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
PLEASE DO LIKE , COMMENT OUR POSTS .
Stock is in an uptrend for the last 2 months moving with 0.3-0.5 fib retracement. Now pennant is been formed for the next bull run with 20% return in between next 2-3 months if broke the current higher high.
Points to be Note (Technical + Fundamental)
1. Pennant Structure
2. In up-trend for last 2 months
3. Fib levels are 0.3-0.5 & Relative strength restest...
Buy - Above 237
Target 240 255 265 280
Duration- 4-8 Weeks
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
Do follow us.
Share with fellow traders
Also check the below related ideas for other stocks.
APOLLOTYRE is taking support on lower band of upward price channel .
If this support is broken by it then it will start downward movement.
If it will reverse and move above previous high then will try to move higher band of upward price channel .
Entry and target level on...