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
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 tyre, this stock has not seen a deep correction which is typically happens in wave (2), instead, the stock has gone through a phase of consolidation and the weekly macd indicator has turned positive, the recent bullish crossover in the weekly macd indicator boosted the next step of up move which has been started with breakout along with good intensity of...
Evident from the chart is a breakout of a triangle forming since April'21. Trade with buying above 240 for targets of 277 with SL 218.
Please take trades after making your own analysis. This chart is a showcase of my analysis alone, & the trade mentioned is one I'll be taking based on my convictions. This is NOT a trade recommendation.
Thank you & Wish you all a...
Apollo TYRES had a descending triangle breakout with volume and a retest at 224 levels. A good 4R swing trade, enter around 224-225 to enjoy targets up to all time high. Also it showed a good support at 55 EMA and retested at POC (Point of control) aka highest volume zone. A pin bar shows rejection from sellers and buyers win here. Keep SL below the 55 EMA. It is...