Apollotyreslong
Apollo Tyres : Breakout Candidate#apollotyre #breakout #swingtrade
Apollo Tyre : Swing Trade
>> Breakout candidate
>> Trending setup
>> Good Volumes & Strength
>> Low Risk High Reward Trade
Swing Traders can lock profit at 10% and keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Apollotyre Long opportunity Apollotyres looks bullish, Price rejected from all time high supply levels and
Price is trying to cross all time high again with good volume,
Higher time frame candles also looks strong and there is small cup pattern in daily time frame,
we may see price breaking all time high and move towards 315/330 levels very soon or
it may consolidate some time and go to higher levels.
Apollo tyres buy above 217.50Hello guys, hope you are doing well.
Apollotyres has given a parallel channel breakout, last time it did this there was a good upside momentum
Buy above - 217
Targets are marked above in the chart.
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APOLLOTYREApollo tyre, this stock has not seen a deep correction which is typically happens in wave (2), instead, the stock has gone through a phase of consolidation and the weekly macd indicator has turned positive, the recent bullish crossover in the weekly macd indicator boosted the next step of up move which has been started with breakout along with good intensity of volume in daily time frame, wave structure also suggests the same direction of upside, one can go long at these levels or in dips ( if any ) with mentioned key levels on charts.
key levels and wave structure
breakout candle with good intensity of volume
another view of breakout head and shoulder pattern too
another view of breakout flaf and pole pattern
breakout with bbc
macd in weekly
macd in daily
rsi in daily uptick above 60
dmi adx positive ungali setup
Disclaimer
i am not sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or investing