Buy above 237.70
SL @ 228.80
Targets :-
243.00
249.00
259.00
Good Stock
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
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Apollo 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...
Apollo 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.
HNS 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...
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...
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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If you like my analysis do like &...
APOLLOTYRE
Buy - Above 237
SL- 230
Target 240 255 265 280
Duration- 4-8 Weeks
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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