The Nifty Auto index was trading 1.17 per cent down at 8487.20 around 09:48 am.
Today Market is so cool Steel and Pharma Sector is bullish note but nifty auto index is 1.17 per cent down it's very clear think Tata Motors (down 3.27 per cent), Maruti Suzuki IndiaNSE -1.96 % (down 1.97 per cent) , Motherson Sumi SystemsNSE -2.40 % (down 1.92 per cent) and Apollo...
1) Bounce with double bottom from long term trendline
2) ok result with good accumulation ; currently at trendline
3) Fundamentally apollo tyre biz should have tailwind of lower rubber and crude cost - trades at 13-P/E
4) High sale of CVs in last 2 years will have stronger replacement demand which will have better margins
Based on my PredictiveSystem's signals, its going to be a GREEN candle on 08-Jun-2018 for CEATLTD
Buy Above: 1371.4 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before...
CEATLTD looks bearish for short term.
Sell Below: 1300 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely...
Based on my PredictiveSystem's signals, tomorrow (10-Apr) its going to be a GREEN candle for NSE:CEATLTD
Buy above: 1655.6
Stop loss: 1642.2
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own...
Apollo Tyres has come out of 2 year long consolidation & now taking support of breakout line.... Rounding bottom pattern has also observed..... ADX & DI indicating strong strength...
Buy position can be initiated in Apollo Tyres for target of 300
CEAT is currently at a crucial stage where its facing a resistance from an old trendline and support by a channel
Please take your decisions based on the direction of breakout (at your own risk) :P
Here is the bigger picture on daily chart:
Apollo tyres CMP 222
The stock is today giving some signs of reversal from trend line resistance.
One may consider
selling Apollo Tyres April series
Lot size 3000
Strike Price: 230
Margin requirement: Rs 96000/- approx
Max profit potential Rs 10500 /- per lot
Thats a potential of 10.9% on margin amount
Holding period: till 27th...
Tyre Sector has been in focus from past 2 days due to falling Crude & Rubber prices & with 9000 broken in upside the laggards will start to catchup.
Now, it shall further move up from here with support of the channel.
Target: 136(Very Short term)
Stoploss: 122 (Closing Basis)
Target: 149 (Short term)
Stoploss : 117