Had a corrective 5 wave fall on higher time frame, now doesnt look like its falling any more, Unless there is some unaccounted news (which obviously is always a risk in the markets) It will continue to rise.
Yesterday there was volume buying, today its showing a 61.8% retracement and holding it so far. I cannot guarantee about the Time-To-Targets, but I strongly...
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 6 to 10 times.
NSE:APOLLOTYRE On 1H time frame apollotyre has been forming a bullish price channel with possibility of price rebounding from the main trend line. There are two possible setups in the near future:
1) Delivery Setup: Price can rebound from 172.70 with SL at 170.80 and potential target at 185. RR: 6.15
2) Short Setup: Sell at 185.05 with SL 186.65 and TP 181.95....
NSE:APOLLOTYRE Expected short possibility on the break above 173 at 174.65 with SL at 176.15 and TP at 171.70
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
Apollo Hospitals have been trading in a range and is expected to continue in same for some trading sessions, Apollo Hospitals have UPPER Breakout at 1370 followed by INTERIM RESISTANCE at 1381 followed by FINAL RESISTANCE at 1403, On the lower band, LOWER Breakout is placed at 1353 followed by INERIM SUPPORT at 1337 which is followed by FINAL SUPPORT ZONE...
APPOLOTYRE has just started the upper momentum from a continous day downfall from higher levels, APOLLOTYRE must face first INTERIM RESISTANCE at 166 followed by the FINAL RESISTANCE at 176 on the other hand the INTERIM SUPPORT is placed at 153.70 followed by the FINAL SUPPORT placed at 144. Please trade cautiously and consult your financial adviser before...