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...
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...
In 30MIN CHART this stock HAS shown a clear Breakout. If nifty bullish side then it can move upwards.
DISCLAIMER-->
Look through Technical analysis we can predict the best case scenerio.
I am doing my best. And one important request is for you that dont try to fight with a market and DON'T TRY TO GAMBLE. LEARN THE CONCEPTS.
Note:_
Keep follow the levels. This...
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)...
Apollo 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,...
Wait 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.
If...
On 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".
momentum 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
