Apollo Tyre has broken the channel and closed outside the uptrend channel and possible correction in the stock up to 233 may be seen in the stock.
Break his resistance.
CMP - 194. Broken downward trendline today with huge volume. Also possible to break and stay above black line. Yellow lines are previous occasions of this volume. Keep this stock in watchlist. Thanks.
The chart set up looks interesting. Keep this one in your watch list. Any signs of strength could present a trade opportunity. Plan your trade & position size according to your risk.
Apollo Tyre has been trading in down trend and has retraced upto 50% of fibo level and may reverse soon to support 174 in near term the next fibo level 61%
Apollo Tyre has broken the trendline and also break the channel support, we may see the stock to go further down to next support around 166, traders may go short apollo tyre with target 166 in near term.
Let's see if it's going to complete the formation
NSE:APOLLOTYRE everything explained on chart. thanks.
SL 184 BUY APOLLO TYRE TAGRGET 194
Apollo Tyre has been trading in down trend and hovering at 50% crucial fibo level and unable to breakout downside further, traders may enter long up the channel resistance around 210 as 23% of fibo level with small stop loss below 180.
Pitchfork is showing good frequency capturing the price movement so we can go long around lower Median Line or around 191 wish Stop Loss 182(closing basis) for a target of 210.
Apollo Tyre has been trading in down trend and forming a bearish flag pattern and approaching the bearish channel resistance also, traders may go short on slightly higher price with a target of 175 in near term if broken this level then next target may be around 160 in short term.
Apollo tyre after breaking the bearish channel seems to be struggling to break long term resistance (198) 38% fibo level. traders may enter long only if it open above the resistance then it will trader higher else it will trade further down with a target of around 187 in near term.
Apollotyre is giving a short breakout, Below 181.30 it can go down to the 179.70/177.40 if do not break 183 on the upside.
Apollo Tyres seems to have entered in to up trend, it made breakout breaking the bearish channel and it closed today exactly at 50% fibo level. the stock today closed with bearish sign (dark cloud cover).traders may enter short for tomorrow and buy at when it retraces to support (buy on dip).
Apollo Tyres has been trading in the bearish trend and trading in the bearish channel, it closed green on week end and seems not enough strong to breakout upward. It may test the channel resistance and again may trade in channel support. Traders may enter short at slight higher price somewhere between 191-191.50 for better entry price and small stop loss with a...
It is been observed on the hourly chart that the price action breaks and closes above the previously down trending trendline, indicating a strong bullish move ahead. Now it shall further move up to next resistance levels at 210. Target: 210 Stoploss: 193
Completing W4/alternate count W4.W with internal structure ZZ. Apollo trye can have immediate trend up for a X wave r W5. immediate short term target can be 203 which is the TL resistance. Long term targets if its W.V is 223/244/256/278/297 if W.4.X then 207/212/217 Entry 193 SL 188 Target 1 203 Target 2 TSL risk 5 ROR 1 2