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.
Chart -> Apollo Tyre Weekly
An all-time high breakout in Apollo Tyre.
CMP: 320
Targets: 372, 453
Good range: Around 300
SL: 271 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Apollo tyres, is looking currently in good momentum upside, it has broken resistance trendline along with good intensity of volumes along with challenging upper Bollinger band, also trend indicator macd is supporting same trend right now.
As per Elliott wave projection it shows possibly we are in wave 3rd of wave 5th on daily time frame, which is a cautious sign...
Stock Name - Apollo Tyres Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 315
#This is not Buy and Sell recommendation to any one. This is for education...
APOLLOTYRE: Apollo Tyres Ltd
PC-A = PC-B = PC-C
Exactly Same
The pointing arrows showing how well the script respected the Support and Resistance of the PCs
#WondersOfPC
Technicals:
• Today's candle showing Strength in Bullishness
• Taller green towers in volume indicating strong built up for breakout
• RSI entered in 60 Zone
• Relative strength is in...
Apollotyres looks bullish, Price rejected from all time high supply levels and
Price is trying to cross all time high again with good volume,
Higher time frame candles also looks strong and there is small cup pattern in daily time frame,
we may see price breaking all time high and move towards 315/330 levels very soon or
it may consolidate some time and go to...
APOLLOTYRE:- keep on radar. 5 year breakout if break the level 308.25.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful...
NSE:APOLLOTYRE
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Long Apollo Tyre above 290 after the Break out level, for the next target level of 315-320 with SL 0f 279. Stock making higher highs on the long-term chart. RSI Also making positive divergence & moving above 60 is again the bullish sign. This is for your educational purpose only.
purely based on trendline breakout
one can go long on candle close above 278
keeping stop and target based on risk appetite
disclaimer - trade @ own risk
Hello Everyone,
This is the chart of Apollo Tyres in a Daily timeframe.
I have entered the stock around 227.
Reaason for my entry was
Weekly TF (bullish flag) Breakout
Daily TF (W-pattern) Double bottom - Neckline Breakout entry
Cup and handle (breakout) in Weekly TF
hoping for a very good move upside
closing above 260 will be a good sign for the stock...
