Apollotyres
Apollo Tyres SellIt looks like Apollo tyres is in its Flat pattern (ABC) completion on the DAILY time frame and is currently continuing to finish the next leg of the C wave. The correction within the C (The running flat) wave is done and now its heading lower towards the "A" @ 126 levels from where its most likely to reverse and go upwards. Long positions could be avoided and a meaningful pullback can be sold till it goes almost till/ retests the " A "
Apollotyres, Bearflag pattern has been broken.Short and hold the position until it breaks the 20 day moving average.
APOLLO TYRES || ON A TRICKY TERRAINApollo Tyres on a weekly chart has taken support at levels of 192-193 and has bounce back giving a divergence on the RSI from a oversold region. The MACD also is showing convergence. A major part of the move has already taken place from 193 to 220.
What needs to be seen is as to how far would this upward move go with Fibonacci retracements placed at 224.5, 235 (for move from 244.85 to 193). Interestingly 235 was the level from which it gave way and move towards 193 and so it needs to be seen as to how does it behave at those levels.
Would be taking a back seat and seeing as to how far would it go before turning around. I would appreciate if someone can put a number to the move and back it up with their explanation on the same.
APOLLOTYRE - Bounce back -- go long The stock has retraced completely and it is likely to test the fibonacci level of 23.66% (Rs 222)
The stock has a support zone around 200
Aim for a target of 218 and then 222
SL - 205
APOLLO TYRES NSE : APOLLOTYRE LONG 1 To 2 DaysAPOLLO TYRES NSE : APOLLOTYRE LONG
Buy Above 210
SL-201
T1-216
T2-218
T3-222
APOLLO TYRES - LONG Stock is in its down trend. It should end its downtrend near 217. Observe the price action near the given price range before entry.
Apollo Tyres chart view; Losing grip on the road aheadApollo tyres
CMP 229.65
The stock looks likely to be loosing its grip. It may be looked for downside target of 224 / 221 in the short term
View gets invalidated if trades above 233
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NEW YEAR TRADE APOLLO TYRES JAN (FUT) NEW YEAR TRADE
APOLLO TYRES HAS MANAGED TO BOTTOM OUT
AND IS MOVING HIGHER WITH THE SUPPORT OF
A UPWARD TRENDLINE
TRADE THE TRENDLINE AND USE THE ABOVE
LEVELS FOR SUPPORT
BUY@235
STOP@225
TARGET 1@245
TARGET 2@255
LOT:3000
QTY:1
APOLLOTYRE (Apollo Tyres Ltd) #BUY ABOVE 226 AND #SELL BELOW 223APOLLOTYRE (Apollo Tyres Ltd) #BUY ABOVE 226 AND #SELL BELOW 223
Double Bottom Reversal good RR tradeThe stock seems to have reversing the downtrend. It has formed double bottom with higher RSI reading and now trading above the Neckline. It is offering a good Risk to Reward trade as details given below
Entry 221
SL 212
Target 250 - 253 - 259
RR Ratio : 3
RSI is also confirming the trade decsion.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
apollotyres | short | resistance | rsi resistance + bad result + rsi (over bought) ->short
if 2 red candles develops than go short.
SL: 224
short if candle sustain below 221.
T1->212
T2->210 (swing)
Apollo Tyre1) Bounce with double bottom from long term trendline
2) ok result with good accumulation ; currently at trendline
3) Fundamentally apollo tyre biz should have tailwind of lower rubber and crude cost - trades at 13-P/E
4) High sale of CVs in last 2 years will have stronger replacement demand which will have better margins
POSITIONAL TRADE IN APOLLO TYRES NOV FUTPOSITIONAL TRADE IN APOLLO TYRES
NOVEMBER FUTURES
CLEAR DOUBLE BOTTOM FORMATION
VOLUME PICTURE NOT SHARED
BUY@215
STOP@200
TARGET@250-60
QTY:3000
IF FEARING THE FALL CHOOSE OPTIONS
BUY 240 CE@2
TGT @8
QTY:3000
APOLLOTYRE - Rebound at multi-month supportNSE:APOLLOTYRE at at multi months support and is showing rebound from there
Short term trade setup
CMP 207
Buy at 202-204
SL 193
Target 229 / 245
Remember on a longer term the stock is still in bearish mode.
Markets are highly risky right now. Trade as per your capacity only.
Disclaimer: I'm not a SEBI registered adviser. The chart is published for education purpose only.
Apollotyre is in accumulation mode.Very Promissing movment. buying level is 220 with stop loss 200 with a target of 256.
Apollo tyre short term view -BullishRefer chart .. Indicators are showing short term reversal..
Vijayaraghavan.K,
Kovilpatti.
Apollo Tyre Key Resistance Facing long term support / resistance level.
Levels mentioned in charts .
