Apollo Tyre - one of the leading Tyre manufacturing company of India and a wonderful scrip for the traders as well as investors in India, was in a downtrend since quite some time. The counter hit high of 249.8 in the month of February 2015. The high was achieved due to the continuous famous bull run of 2013-14. The counter suddenly fall in the month of February...
Despite the pair’s rebound from the descending trend line support last Friday, the subsequent failure at 113.78 earlier this week followed by a retreat to 112.70 today has set falling tops formation. A daily close below 112.61 (last Friday’s low) would mark falling bottom and open doors for a test of 111.90 – 111.61 levels.
short below 8800 Sl top of the day Targets 8780, 8740
stock momo is looks great. waiting for breakout.
Last Price@8257 Nifty has been moving into corrective structure & within a channel. Yesterday-it was an excellent upside move for the Nifty as it sustained above 8200-8210 zone, which was resistance & suggested that this rally could extend to 8300-8350 zone. Since 8250 which was key resistance yesterday has been taken out so likely it has opened for upside &...
Important Feature- Use Alarm icon in authors updates of current issue so that you don't miss the important action in the coming days In the previous update- Likely I was looking for a fall from 1430's to 980-1010 zone- Excited, as I got some chunk of the move, which comes once in the blue moon shown as oval shape. The sharp fall happened between 11th to 15th...
Expecting 95-100 Next Target. Would like to get the comments from Seniours Tech Analyst. Can we say it is a Traingle Breakout? Do you think the draw is fine? Please suggest me and Educate me :) Thanks.
This is the third education series on Channel (link of Educational 01 and Educational 02 given below), In this educational post, I cover up points that provide trades opportunity in a trending channel. Steps To Follow: Step 1: Connect Two Higher High Points to Draw a Trendline Step 2: Connect Higher Lows points, take a buy call Step 3: Buy at pullback with...