APOLLOTYRE – Reversal in Play After 5-Wave Decline
# 📊 \ APOLLOTYRE – Bullish Reversal on 60-Min Chart\
🔍 \ Completed 5-Wave Down → ABC Correction → Support Reaction\
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## 🟦 \ Support Zone: ₹439.52 – ₹444.40\
📌 This critical demand zone includes:
• TS3 Low
• End of corrective wave
• Strong volume cluster (smart money reaction)
➡️ Price bounced after touching this zone, suggesting accumulation and bullish intent.
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## 🟨 \ Immediate Resistance: ₹460–₹465 at minor wave C completion zone\
🚧 First supply zone where price may pause or face intraday rejection.
✅ A clean breakout above ₹465 can open doors for a sharper move higher.
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## 🎯 \ Major Target Zone: ₹482–₹488\
• Swing target zone above ₹460
• If momentum builds above ₹460, expect buyers to drive price toward this zone
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## 📝 \ Trade Setup: Building a Bullish Structure\
📈 \ Long Entry:\ Around ₹444–₹447 or on a dip near ₹440 with bullish confirmation
🎯 \ Targets:\
• T1: ₹455
• T2: ₹464–₹468
❌ \ Stop Loss:\ Close below ₹438 (beneath Decision Point & TS3 low) hourly closing basis
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## 🧠 \ Trade Logic & Structure\
• 5-wave downtrend completed → corrective ABC finished
• Reversal triggered from a confluence support zone
• Ideal risk/reward with confirmation via bullish candle or volume spike
• Wait for confirmation on lower timeframes (15–30 min) for early entry
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## ⚠️ \ Risk Management Tips:\
• Keep SL tight and well-defined
• Avoid chasing breakout if price consolidates below ₹444 without conviction
• Scale in position only if price holds above entry zone
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📌 \ Conclusion:\
APOLLOTYRE is setting up for a potential swing reversal. If ₹450 is crossed with strength, ₹465–₹482-488 becomes a realistic upside target. Trade with SL discipline and wait for volume-led breakout.
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