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.
Long 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.
Prices breakout above resistance about half the time and below support the other half of the time.
INTRADAY PLAYERS CAN ENTER THIS TRADE AT CMP WITH THE STOPLOSS BELOW 200EMA OR 50EMA.
APOLLO TYRES EQUITY levels ...04/05/2021 (D candle)
ONE CAN GO LONG IF SUSTAIN THE PRESENT LEVEL SUPPORTING THE INDEX ON MONDAY...BULLISH OVERALL
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...
Price making a descending triangle pattern and its time for the break.
One can accumulate Apollo Tyres upto 200 level. 200 is a strong support for apollo tyres and this price will be respected. The price will soon catch up with the 50DMA. Apollo Tyres can be bought with a stop loss of 190.
I will buy Apollotyre because : The price broke the resistance. It showed a good move upwards after breaking Resistance. The price is now at support the resistance may act as SUPPORT. Entry : 210 Target : 260/300 Stop loss : 194
Apollo 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...
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 #ThankU For Checking Out Our Content , We Hope U Liked IT...
Watch for a breakout or swing opportunity in APOLLOTYRE
APOLLO TYRE an M shape at levels 193-255 265- 230 234-257 TARGET 257
Cup and Handle Pattern in APOLLOTYRE, watch for breakout opportunity.