Apollotyres
Apollo tyres buy!Apollo tyres looks a buy in harmonic pattern. If market goes in positive direction then we might see some upside movement in this stock. Buy near 200 SL 192 TGT 1 : 222 , TGT 2 : 229. Try to book on a risk reward of 1:2 and dont wait for the exact targets as market is very uncertain. This post is for educational purpose only
Disclaimer post: We are not sebi registered analyst, plz do your own analysis before investing. we are not responsible for any of your losses
Apollo Tyres may go sideways before it breaks outApollo Tyres has reached a major weekly resistance zone, crossing it won't be easy or quick. It will take some sideways days before it could finally give a breakout. Additional confirmation for this hypothesis comes from the channel pattern which has reached its top.
Now breaking this channel top will take a lot of buying interest, so considering its previous up movement it looks like it will go sideways to touch the bottom of the channel before it tries to touch the top of the channel again.
Apollotyre | Sandwich Candlestick Pattern spotted 🎯 EDUCATIONAL POST
⭕ Positional Trading opportunity ! Weekly Chart Alert !!!⭕
--Buy above =244.20 or CMP
--Target = 293
--Stop-loss = 225
--R:R =2.65
--Expected Profit = (20% )
--Expected Holding = 1 Months only
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) stock has formed sandwich candlestick pattern
2) Volume is very high
3) stock has just crossed 200 ema
4) Target is based on resistance zone at all time high
5) there is a trendline support as well
Guys check out the related ideas as well, it will work really well GUARANTEED !
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✍COMMENT Below your view !
Apollo Tyre Fibo + Demand Zone + Multi time Frame In 15 mins stock is nearby its lower trendline, Currently undervalued as shown by the valuation band in 1st chart. Also standing on Demand zone.
In 2Hrs timeframe it has completed 61.80% retracement and also nearby 100 ema.
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
APOLLO TYRES - Strong AccumulationApollo Tyres is in a range bound where we can spot strong accumulation. Price takes good support at previous resistance zone. One can accumulate when the price is in the accumulation zone and as the price breaks the high of the mother candle we could see some good up move with momentum.
Price might stay in this zone for a few days. More the accumulation time, stronger will be the breakout momentum !
Please trade considering your risk appetite !
Apollo TyresWait for a proper BUY signal. I will update the same in Update Idea section. All the probable reversal zones ie. the retracements and trendline has been drawn. Be cautious and don't hurry to initiate a LONG position. Its okay if we miss the stock and the stock moves upwards. But buying or selling a stock without knowing the consequences is really dangerous.
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Chart and Analysis By - Adarsh Dey
Great return in APOLLOTYRE based on my previous chart analysisOn Jan 20th published a breakout opportunity around 201-203 levels in the APOLLOTYRE.On 25th Jan the price is reached 240 level. I hope you guys are booked the profit, Apologize for the delayed update.
The previous chart analysis is included in "RELATED IDEAS".
stay long - reasoning belowmomentum rsi study
hourly=76 > 4h=73 > daily=70 > weekly=68
all big time frames above 55mark
as per this parameter - stay long till
daily rsi close is above weekly close
weekly time frame can be kept
as support trend line for long
rounding pattern neckling cross on 4hour tf
weekly chart below for reference
Apollo Tyre has given a good breakout from symmetrical triangleApollo tyre has given a breakout from Symmetrical triangle for a target of 230. Stop loss is to be kept below 178 on a closing basis. Let's see how it pans out.
Disclaimer: - These views are for educational purpose only and not a recommendation.