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Apollotyres

Apollo Tyre 650 ? PossibleWhile I made some money in shorting apollo tyres recently, on a zoomed-out view this looks like a large flag and pole pattern. Two large targets of 400 + and 600+ are visible. Just fyi I am not bullish on auto sector for a while. I hope apollo tyres has something up their sleeve which can pull this out. This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
NSE:APOLLOTYRELong
by DoublebassmaniawithPranav
Breakdown in APOLLOTYRE, How to go Short on a Stock!!!NSE:APOLLOTYRE APOLLOTYRE which was Trading in a down channel has gone bearish and gave a breakout on downside of the channel below 207.5 the stock has high chances to fall till 200 and if 200 breaks which has most PUT writing then more fall is expected Currently Selling pressure in Major indices and fear mood of market would Help us going short on it. Also PUT Unwinding has started in ATMs and ITMs Conditions for going short 1. we need a breakout on a Support or a supply zone and closing below it 2. Trade would be more accurate if the breakout is on higher time frames such as 1D Time Frame 3. Selling Volumes must be higher, which would indicate a Heavy selling 4. If the selected Stock Contributes to any Index with good weightage then we must also consider the Index performance and mood too for additional Assurance. 5. If the Stock has FnO then we must see that is any PUT Unwinding. 6.See if the Stock goes below 50dma.
NSE:APOLLOTYREShort
by Arshad_Khatib