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.
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 Buying Opportunity with a Short Term Target of around 204 levels. One can keep stoploss around 178 levels for the long positions. This move can possibly extend and go higher but I am giving short term targets keeping the current wave setup as a correction. Any inputs are welcome..
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.
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
Target 1 203
Target 2 TSL
ROR 1 2
Apollo tyres is looking bearish and approaching to near term support to 190.23-190.00, further upward may be seen tomorrow if market open green up to 204.00 else it may seem to remain in bearish mode. trader may go short in Apollo tyres for a safe target up to 190.50.
MRF is not giving any signs of reversal. One can continue holding this stock till we get the start of a corrective move.
Other tyre stocks like CEAT and Apollo Tyres as posted earlier (check the attached links) can be continued to be held (till any visible reversal signs).
Wonderful breakout was observed in APOLLOTYRE. The same trend followed. Touched Support 1 level and again Resistance 2 level same again and again. The Stock is in correction mode, once it is settled, it may make a new high. The RSI is also following the same pattern.
Very soon we can see 200 level in APOLLOTYRE... but before that 160 level which is again a S1...
ApolloTyre has given a Breakout from its Correcting Trend Channel Indicating the upmove has started and confirmed on the upside.. One can go long the stock at current levels or on some corrections retesting the breakout levels around 170 with Stoploss around 152 and long term higher targets of around 270/290. The Third wave has just started and may or may not give...