Apollotyres
APOLLOTYRESApollo Tyres Break Important Trend line and close above trend line so we can add in your watch list for Buy Side.
Entry Price: 135.55
Stop loss:129.90
Target:144.45
DISCLAIMER : This recommendation is for educational purpose only, consult with your investment advisor before initiating any trade.
APOLLOTYRE is Making Ascending Triangle Pattern (Breakout Trade)Apollo Tyres Limited ( NSE:APOLLOTYRE ) is Making Ascending Triangle Pattern. This can become a very good trade for intraday traders.
Target + Stop Loss: There is no target here. You keep the first target as much as the stoploss you put. And the stoploss will be the low/high of the candle that broke this pattern. Or low/high swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your stoploss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your stoploss above the last swing low/high.
Target and stoploss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, stoploss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
APOLLOTYRE :Trade SetupNSE:APOLLOTYRE
Hi Traders,
APOLLOTYRE is taking support on lower band of upward price channel .
If this support is broken by it then it will start downward movement.
If it will reverse and move above previous high then will try to move higher band of upward price channel .
Entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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Hidden bullish divergence: Positional Buy Apollo Tyres @ 129.453-Bar pattern & Hidden bullish divergence
Positional Buy @ 129.50, Target - 144 & above, SL - 114.5
Hidden divergence are strong patterns in direction of trend. Apollo Tyres had formed 3-Bar bullish pattern & hidden bullish divergence on daily charts.
APOLLOTYRE LONGI hope you can now see how APOLLOTYRE represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Apollo Tyres - Doji LojiThe stock rebounded from 50 DSMA.
I expect the stock to have another Doji between 100 DEMA at 112.7 which has acted as a strong resistance and 50DSMA at 107
Follow ORB in the direction of NIFTY for the aforesaid targets.
A clear break above 113 on the hourly chart should open significant upswing! Beware of Bull Traps though. Check for confirmation.
APOLLO TYRES POSITIONAL IDEAApollo Tyres can be bought at CMP with stop loss of 105 or as per one's risk appetite.
Nearest resistances are around 133 and 142 levels so stock can face supply there and those are the price levels where we can book profits.
Also, tyre companies are in focus which can further lift up the trend of the stock.
Apollo Tyres - Fib Retracement Levels The stock finally completed its retracement to 0.618 levels today
Some consolidation may happen here - depending on how NIFTY behaves.
Buy above the high of today, 118.2 for 120 as the immediate target.
118.2 should then function as support for rally to 130 & beyond with some consolidation happening around it.