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-...
Range formation on apollotyres and having strong support at 235 - 237. Trade levels are mentioned on chart.
hi, explained in the charts
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.
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
Ascending channel Sell setup on ApolloTyres
BEML Reversal Pattern Forming , Wait For Price Action before Selling
AshokLeyland Watch for Price Action , Near to Double Top it will come back or wait for breakout
Apollo Hospitals Short Setup on Flag Pattern
APOLLOTYRE is in the breakDown /Reversal zone of its long term Median line. ALso 618 FIB is acting as a resistance
hi, explained in the charts
hi, where ever break out go that side, maximum chances is upper trend, Close above 257 it will take 265, close below 246 it will take 239, intraday traders follow same level with 2 points sl
APOLLOTYRES is at its lifetime high. Making a tripple top in the yellow zone. Unable to break it last time. A break above it can bring an upward movement Can retrace back in the rising wedge. to complete another leg. Lets see if 10K can give it a push to breakout.
Auto sector in India has been a stellar performer for last few years. Its performance is catching up though. In general the Indian market looks ripe for a correction and in general the hardest bull is usually the hardest bear. CNXAUTO has just broken though the trend channel. Individual stocks in the sector exhibit similar trait. I small bump up would be an ideal...
Apollo Tyre uptrend journey seems to be taking pause, stock is looking week in two day continue trading at resistance, it may see some correction in near term up to 254.
Everything is in the chart. T1 is given is height of the pole. T2 is given as cup depth. T3 is given as rounding bottom depth. Could keep stop loss at cup and handle breakout level. P.S : Wait for end of week confirmation on the breakout. Preferable if the breakout is with above average volumes. Also look for positive signs on indicators like MACD and...