Reason for Entry + Positive Q2 result + 50% Fib retracement + Technical seems bullish + Currently in long build-up phase + Good volume
Apollo Tyres , breakout of symmetrical triangle and it gave a retracement and also corrected when nifty corrected , can go for long
The script shows a triangle breakout with a long green candle closing strongly above the trendline. Huge volumes are being traded. A good stock for long-term as well as a short-term trade. Expect a good move in the next two months.
Apollo Tyre has good fundamental and staying strong with NIFTY. Short term target for the stock is market. the CMP is squeezing which indicates a good uptrend in the stock. the delivery in stock is only 20% that is a concern for not expecting much in the stock. fundamentals. Apollo Tyres reported a 270.5% year-on-year (y-o-y) increase in consolidated net profit...
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Time to go Long on NSE:APOLLOTYRE
Hoping for apollo tyres to break the resistance and enter the 220 zone in july month.
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...
Based on my PredictiveSystem's signals, tomorrow (10-Apr) its going to be a GREEN candle for NSE:CEATLTD Buy above: 1655.6 Target-1: 1667.9 Target-2: 1675.4 Target-3: 1683.2 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...
I AGREE tha the stock is fundamentally good but technically i see a slide ..though little not more than 20 % which will be a good opportunity to buy for long term!
MRF CAN SLIDE TO 65 K IN NEAR TERMS
CEAT has been trading in a channel since late 2014. Please use this idea as a reference in addition to your analysis. Regards, tRex Jurassic Park
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 Call Option Lot size 3000 Strike Price: 230 CMP :3.5 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...