We reiterate our BUY on Apollo Tyres. ATL
Its continuous focus on premiumisation
Its priority to operating performance in place of plain-vanilla volume growth
Judicious capex plans and
Disciplined capital allocation plan. ATL continues to sustain its operating profitability via improving product mix focusing, given it has been reporting EBITDA margins above 18%...
NSE:APOLLOTYRE
weekly chart : apollotyre
buy @270-290 with sl 230 (closing basis)
first target : 362.75
second target : 421
final target : 452
all target should be complete on or before 19 jan 2023
Hello Investors,
This is a risky one but absolutely I see this as an opportunity.
It has corrected almost 17% from the all time high and you can see the support trend line is passing and it could bottom out near the trend line or it might break the trend line and bounces back and close in the future. That will be the time I will concentrate.
You can also...
Short Apollo Tyre once sustain below 390 for the marked targets on the chart until 413 is intact on the upside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
APOLLOTYRE got a pole flag breakout recently and it is having a good consolidation after breakout. It has a gap to fill at ~255 in daily chart which I think it would fill before going up again.
the target comes as ~422 in flag pole breakout target and the price has a resistance ~416, the selling pressure would be seen there.
It can also be a very good long term...
Currently, the stock is in Upmove in the Long term and short term.
In Long Term, wave 5 is going on.
In the short term, internal 3 of 5 is going on.
Targets are marked with Fib projection.
The analysis is only for educational purposes. Please trade at your own risk
Chart pattern looks prudent and paving way for the above titled short view
REASONS
1. Apollotyre has been trading inside the Expanding Triangle ( shown below - Monthly wholesome view )
2. Now, it seems it has finished the upswing move and ready for downswing inside the channel .
3. Weekly time frame shows the Ascending channel in which it is...
Lets wait BO of TL & 50 EMA level before taking long entry. Stock in the uptrend in higher time frame. Will get good risk to reward trade. keep the stock in your watch list. This is for your educational purpose only.
MRF: The counter is set to become the first company to kiss 1 lac figure/ share
the counter is in a visible uptrend and has strong support at 93000-94000 ZONE
and as long as it holds support areas, it is likely to move beyond 1.10 L
BUY - APOLLO TYRES
CMP - Rs. 346
Target - 1: Rs. 410
Target - 2: Rs. 485
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Technicals -
1) Consolidation
2) Resistance BO
.
This is just a view by an expert analyst, please invest at your own risk.
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Follow me for more!
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
1. Price near 52W H 343.05 (-2.4%)
2. Build Up near Resistance
3. Multiple tests of Resistance
4. Higher lows into Resistance usually result in a breakout
5. Volume is above average
6. Close above LMH 324.85
Educational purpose only
NSE:GRANULES
Stocks to keep on the radar for this week
1. Granules
2. Apollo tyers
3. Pvr
4. Indus tower
5. Bata india
6. Indigo
All stocks have a bearish bias and the analysis is explained in the video
This is only for educational purposes only.
Always trade with stop-loss.
I hope you found this idea helpful.
Please like and comment.
Share with Your...
APOLLO TYRES as per Day Chart Analysis Stock
ABOVE 340 TARGET 350.
Today being an weekly expiry day, there had considerable sell off from FII by 1449.45 Cr and surprisingly DII was also a net seller by 194.09 Cr.
Nifty 50 has a good support at 17835 / 17771
Bank Nifty has a good support at 41951.
So lets see whether these support levels helps the nifty and...
In this chart, I have found a breakout on Apollo Tyre. price faced resistance the market zone on Sep and Nov. Hence, these zones are now to be treated as important support zone. But still it is a simple analysis only and not an recommendation. Please do trading / investing with your own respnsibility. This post is only for educational purpose.
