In the hourly chart, there is a possibility of a Breakdown which can result in a fall in price.
Positional Trade: Apollo Tyres has broken from a falling trend line signaling a trend reversal. Buy: Apollo Tyres CMP: 239 Target: 260 Stop Loss: 228
Apollotyre looking good above 227 for 232-235-240++
Apollo 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...
Apollo 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.
Breakout from falling channel and back in rising channel. Retest done. Channel Bottom. Follow for more
BO above 120 With good volume now retesting BO Level resistance become support bullish above 130 with sl below 110 target 1:1
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.
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.
Good demand zone at 118 level to enter
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