APOLLOTYRES is at its lifetime high.
Making a tripple top in the yellow zone. Unable to break it last time.
A break above it can bring an upward movement
Can retrace back in the rising wedge. to complete another leg.
Lets see if 10K can give it a push to breakout.
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security Which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
first a bearish engulfing pattern there and then dark cloud cover over there and then negative divergence there
it is giving a bearish outlook there short the stock!!!!!!!!!!!!!!!!
It is been observed on the hourly chart that the price action breaks and closes above the previously down trending trendline, indicating a strong bullish move ahead. Now it shall further move up to next resistance levels at 210.
Target: 210
Stoploss: 193
Apollo Tyres Limited is engaged in manufacturing and sale of automotive tires. The Company's segments include India, Europe and Others. The Indian segment includes manufacturing and sales operations through India. The European segment includes manufacturing and sales operations through the plant at the Netherlands along with its subsidiaries. The Others segment includes the subsidiary in the United Arab Emirates, South Africa, Thailand and other operating subsidiaries. It manufactures tires, tubes and flaps. Its products include Passenger Vehicle, including ALNAC, ALNAC 4G, AMAZER 3G MAXX and AMAZER 4G; Commercial Vehicle, including AMAR, AMAR AT-RIB, AMAR DLX, AMAR GOLD and CARGO PLUS XR; Off Highway Tyre, including AGREX 85, BHIM, DHRUV, FX 515 (ROW CROP) and FX 525, and Two Wheeler Tyre. The Company has approximately four tire manufacturing plants, over two located in Cochin, and one each at Vadodara and Chennai.
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APOLLOTYRE
