Apollo Tyres Ltd - 23.12.2021
The stock is trading @ 210 levels
Let the prices go above 215
There is a MACD Bullish Divergence in Weekly Chart
The prices are near EMA
One can initiate a buy position above 215 with support @ 207
Watch out for the price action
Preface
APOLLOTYER is preparing for a bull run. After completion of the 3rd wave at 261.2. Price had started a corrective wave ((4)) and took 38 weeks to finish this structure.
A trader can trade impulsive wave ((5)) to make a high confidence trade setup.
Wave Formations and Fibonacci relationships:
Wave ((1))is an impulse with a 5-3-5-3-5 wave structure....
5200 is a good support zone on the basis of demand & supply and option chain data . on 5200 strike price a significant put writing & put call ratio is very high so its high probability that apollohospital make bottom in this zone.
Apollo Tyres Ltd - 10.12.2021
The stock is trading @ 217 levels
The prices are @ support levels
Stochastic overbought in daily chart
Prices are above ema
There is a DOJI in daily chart
There is a HAMMER in weekly chart
Let the prices go above 219
watch out for the price action
Apollo Tyres Ltd - 09.12.2021
The stock is trading @ 216 levels
there is MACD Bullish Divergence in weekly chart
the prices are above ema
one can initiate a buy position @ current levels with support @ 209
the stock will see a further upside movement above 223
watch out for the price action
Buy or Sell based on the Support Break with Volume
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
Buy trade of apollohosp was shared on 22 Oct
gave more than 5% in just 2 trading session. trail sl.
This is the power of harmonic if you can use it properly.
Closed just on the trendline....
Sustain above green line - Advantage Bulls
Sustain below red line - Advantage Bears
Results still two weeks away...
Like... Share...
Apollo tyre, this stock has not seen a deep correction which is typically happens in wave (2), instead, the stock has gone through a phase of consolidation and the weekly macd indicator has turned positive, the recent bullish crossover in the weekly macd indicator boosted the next step of up move which has been started with breakout along with good intensity of...
Apollo tyre has been following the triangle for the past 3 months and you can expect a breakout anytime, now it has retested and possibilities are high to give a breakout in the coming days
APOLLOTYRE has been facing resistance at 235-236 level since a long time. It has tested it many times.The more times a stock hits a level again and again , it becomes weak. And can be broke easily.
APOLLOTYRES
Buy-Above 235
Sl-220
T- 260 280 300
