Apollo Tyres in a really sweet spot at the moment,both technically and fundamentally.
Technically is evident from chart.
Fundamentally: Tyre manufacturing industry depends on mainly two raw materials. Synthetic and natural rubber. Natural rubber prices have been falling on account of prevailing risk of global trade war. Synthetic rubber is manufactured from crude ...
Triangle pattern is formed when price crosses from trendline to trendline nearly filling the available space. One should avoid the pattern if there is more white space. This nicely formed pattern has given breakout. Mates can use the setup for their trading. Defensively one can wait for a retest on upper boundary.
Disclaimer : All ideas and comments are my ...
Stochastic divergence & crossover alongwith MACD bearish crossover observed in NSE:APOLLOTYRE. Short it at opening price (259-261), for a target of 254(t1), 250(t2) & 246(t3). A stop loss of 262 is highly recommended.
I see APOLLO TYRE losing strength at every upside rally. Same should continue when it hits 270 zone. The current upside rally does not have strength as visible on 1 hour chart. look when it hits 270 zone. Short sell or buy put of 260.
2 down sloping Pitchforks at the same frequency are capturing the price movement nicely. Price got declined after retesting the upper median line has formed the Inside bar which is also suggesting the weakness. If price trades below the low of today's bar one can short the stock by providing the SL of 280 on closing basis. Target expectations Median ...
It has been observed that the price action trending downward for past few months and dropped from 290 to 230 levels. Now, the price action breaking above the downward trendline which will indicate a strong buying pressure and buyers comeback. Once it closes above 243 levels then it shall confirm the upward rally from here on and every dip shall become a buy.
T1- ...
APOLLO TYRES has been respecting the neckline for a while. currently ranging between two level making a Spring loaded accumulation /distribution Zone.
Whether its accumnulation or Distribution will be decided after it takes a direction , probably on account of the results.
NSE:APOLLOTYRE is making a bearish triangular pattern
It can give a good fall starting tomorrow. However if the base trend line of triangle is not broken then the stock will move into sideways trends for some time. Inn that case it may not be good bet for the expiry.
Monday's trade for sept expiry: Sell below 248. SL 252. Overall (not limited to expiry) Tgt ...
Apollotyres is making a head and shoulder . now its Ranging on its right shoulder making a triangle.
Currently in breakout reversal zone of the green parallel channels, either to invalidate the right shoulder by moving up or a leg down to complete the pattern
APOLLOTYRE 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 ...
