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...
TREND ANALYSIS
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....
![APOLLOTYRE: APOLLOTYRE Delivery Setup & Short Setup [Intraday]](https://s3.tradingview.com/q/Qv7qXrtu_mid.png "APOLLOTYRE Delivery Setup & Short Setup [Intraday]")
