Apollotyres
Apollo Tyres - Bullish BreakoutApollo Tyres had given a clear bullish breakout after a retracement, so give an entry with appropriate Stop loss
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Apollo tyreApollo Tyre:
Daily TF is making higher lows signaling
an upside momentum, some demand should show up in volume..
But one has to wait and see if it gives a
breakout and move side ways or move up.
Avg days for a move of 70rs has taken 50days.
if its bullish it has to reach 290 level in another
2 months.
Head and Shoulder pattern formation in ApollotyresHNS formation complete in Apollotyres
Stock is in process of retesting neckline at 220 to 222 Zone. Once retest this stock could move higher.
Buy in staggered manner till 215 level with SL @ Rs 199 Closing basis
Do your own analysis before investing.
Fundamental reasoning is that Promoters are aggressively accumulating this stock since last 1 year. This gives confidence on the business front.
APOLLO TYRES: Bullish Peannant Upside 20%Stock is in an uptrend for the last 2 months moving with 0.3-0.5 fib retracement. Now pennant is been formed for the next bull run with 20% return in between next 2-3 months if broke the current higher high.
Points to be Note (Technical + Fundamental)
1. Pennant Structure
2. In up-trend for last 2 months
3. Fib levels are 0.3-0.5 & Relative strength restest the positive level. For now, you have to just look at the breakout.
4. Above Critical demand zone
5. P/BV ratio is highly above 1
6. P/E is considerable to Industry standards (double)
7. Net profit is significantly increased
8. Reserves are increased by 15%
9. Promoters have diluted their shares
10. For sure Apollo will hit the 20% up. As their peer, the JK tires is in bull run form last 6 straight sessions
7. ROCE is affected but above YOY 2020 is 10%
Let me know in the comments what's your views?
APOLLO TYRES 🎡🎡APOLLO TYRES
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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APOLLOTYRE- Ride Starts -BuyAPOLLOTYRE
Buy - Above 237
SL- 230
Target 240 255 265 280
Duration- 4-8 Weeks
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Shorting opportunity in ApolloIn the hourly chart, there is a possibility of a Breakdown which can result in a fall in price.
Apollo Tyres - Trend line - BreakoutPositional Trade: Apollo Tyres has broken from a falling trend line signaling a trend reversal.
Buy: Apollo Tyres
CMP: 239
Target: 260
Stop Loss: 228
APOLLO TYRES LONGApollo Tyre has good fundamental and staying strong with NIFTY. Short term target for the stock is market.
the CMP is squeezing which indicates a good uptrend in the stock.
the delivery in stock is only 20% that is a concern for not expecting much in the stock.
fundamentals.
Apollo Tyres reported a 270.5% year-on-year (y-o-y) increase in consolidated net profit of ₹289 crore for the quarter ending 31 March, as vehicle production returned to pre-covid levels in India and foreign markets.
The revenue from operations during the quarter improved by 38.99% y-o-y to ₹5,026 crore. The operating profit or earnings before interest, tax, depreciation and amortization (Ebitda), also jumped by 69% y-o-y to ₹815 crore due to the overall improvement in sales and costing cutting measures taken by the company.
Despite swift recovery in sales, tyre manufacturers are expected to witness pressure on operating margins due to continuous increase in commodity prices.
Apollo TyresApollo Tyres has formed a good Flag and Pole pattern in 1W candlestick chart. Expecting Target 1 261 and Target 2 305 with a stop loss of 190 with a candle closing.
Apollo Tyres rising channelBreakout from falling channel and back in rising channel. Retest done.
Channel Bottom.
Follow for more
apollotyre longBO above 120 With good volume now retesting BO Level
resistance become support
bullish above 130 with sl below 110
target 1:1
Apollo Tyres Breakout After multiple fake breakouts post crossing resistance levels, Apollo Tyres forming a cup and handle for a bullish rally.
This is further supported with latest Quarterly results as Apollo Tyres Reports Robust Recovery in the earnings of March Quarter 270.5% year-on-year increase in consolidated net profit at Rs289 crore for the March quarter.
Apollo Tyres Breakout After multiple fake breakouts post crossing resistance levels, Apollo Tyres forming a cup and handle for a bullish rally.
This is further supported with latest Quarterly results as Apollo Tyres Reports Robust Recovery in the earnings of March Quarter 270.5% year-on-year increase in consolidated net profit at Rs289 crore for the March quarter.
Apollo Tyre to take long entryLong Apollo after the BO of resistance level above 225 TGT 240 SL 216. Seen cup & handle pattern forming on the charts showing the buyers are in control. This is for your educational purpose only.
