#Apollotyre cash : Looks good above 206.50#Apollotyre cash-Posiitonal call
10 april 2022
Looks good above 206.50
and dips around 202
stoploss 197
Target 214-215/224
Cmp 203
APOLLOTYRE trade ideas
Apollo Tyres - at crucial zoneApollo Tyres :
Currently at Strong Resistance (R) / Support (S) Zone
Ascending Triangle (AT) in progress, If 200 is sustained, then might show up 220 soon
ApollotyresStock was in downtrend since Jan22. After taking a strong bounce back from 150 levels stock ha started making higher highs and higher lows. Buy above 205, TGT 230+, SL 192. For educational purpose only. Kindly contact your financial advisor before entering any trade.
Apollotyre @ 202 target 215Apollotyre @ 202 sustaining above 200 will lead to targets of 215 on the upside
Cup and handle breakout in APOLLOTYRE In today's session, We have seen Cup and Handle pattern resistance breakout in APOLLOTYRE. This indicates a strong bullish move in this stock. According to this pattern expected target is 223+.
Cup and handle breakout in APOLLOTYREToday's trading session look at this Cup and Handle pattern in APOLLOTYRE. According to this pattern expected to next target 224+.
APOLLO TYRES SHORT TERM-SWING TRADEHello, apollo tyres short-term swing trade buy: 197 target: 221 stoploss: 189.
LOGIC BEHIND TRADE: Stock has formed W pattern & given breakout of dynamic trendline resistance & static resistance breakout buying strategy, (targets identified from harmonic xabcd pattern level 0.886) stoploss is taken low of resistance candle. Stock looks solid for swing trading. NSE:APOLLOTYRE
A great buy opportunityA great buy opportunity
with tight stop loss and good risk reward ratio
Good Luck
Journey of Apollo Tyres | Downtrend to Uptrend |Trend ReversalThe chart explained the price movement in Apollo Tyres.
Multi Year Resistance: The price is continuously facing a rejection at level of Rs 250. The multiple attempts were made in Year 2015, 2017, 2021 to break the resistance level but due to greater supply at that level, stock price fallen by 50%-70% in past years.
After the pandemic fall in Mar’20, the stock is in uptrend and given a multiple breakout with return of 250% but again rejected from level of Rs 250.
In year in 2021, price was range bound and consolidated in Darvas Box between Rs 200-250. After the violation of support, the price retrenched to Fibonacci level of 50% (i.e., -30% from ATH) and taken a crucial support at that level.
From crucial support, a bullish candle observed in weekly chart with rise in volume , it indicates a sign of downtrend reversal and price will again make an attempt to break the multiple year resistance level.
Keep it on our watchlist and enjoy trading!!
Thanks
shorting swing trade take a short position in FUT if price closes below 200 in 15 minute candle set a SL of 203.target 190 and 185
apolotyre short below 200 apolotyre multiple time support , support weak time to sell below 200 sl day high
Apollo Tyre Research #Elliot_HarishRao Preface
Alright,the operation started after creating an extreme high at 261.25
Apollo Tyre first decline wave (A,B,C)
BUY CALL FOR APOLLO TYRES
Buy APOLLO TYRES For a Target Price of Rs. 250. Apollo Tyres may go towards the defined target from the current level. Follow the drawn trend line for stoploss.
APOLLO TYRENSE:APOLLOTYRE
Watchlist for tomorrow 4 feb 2022.
1 hr trend analysis of 4 feb comapany analysis.
APOLLOTYREHey everyone
this is chart of a Apollotyre
this is chart double zigzag
(w) wave w is complete
(x) wave x it is a complicated
(y) wave y is complete
but
wave x is running and this time to position hold on because wave x it is a complicated
BTST, Swing FEB 02-02-22 APOLLO TYRES
Stock: Apollo Tyres
Type: Swing or BTST
Target: Your Choice
CMP: 225
SL : 215
Trade with what you see, Not with what you feel.
long on apollo tyre a good retracement has happened of wave 4c and we expect a wave 5 up move till target
Chart on APOLLO TYREChart on APOLLO TYRE
CMP @ 222.80
Short Term Target @ 219.00
Professional Target @ 225.00
Long Term Target @ 236.00
Average @ 205.00
I am expecting APOLLO TYRE to take support at 205.00 move up.
Disclaimer Caution: WE ARE NOT SEBI REGISTERED ANALYST. Before taking any positions, please contact your financial advisor. We are not responsible for any of your "PROFITS" or "LOSSES". Whatever we are providing here is the purely educational and informational point of view.
Will bull traders drive Apollotyer above Rs.300?Preface
APOLLOTYER is preparing for a bull run. After completion of the 3rd wave at 261.2. Price had started a corrective wave ((4)) and took 38 weeks to finish this structure.
A trader can trade impulsive wave ((5)) to make a high confidence trade setup.
Wave Formations and Fibonacci relationships:
Wave ((1))is an impulse with a 5-3-5-3-5 wave structure.
Wave ((2)) is a zigzag move. Fibonacci retracement of wave 2 is 50% of 1st impulsive wave at 109.55. Sub-wave of wave 2 fulfilled the rule of equality (wave A= wave C)
Wave ((2)) is not exceeding the starting point of wave 1.
Wave ((3)) is an extensive impulse. 3rd wave has 261.8% retracement of 1st impulsive at 261.
Wave ((4)) is a triple three with a 3-3-3-3-3 wave structure.
It retraced 38.2% of the 3rd wave and did not overlap the starting point of wave 1.
What will happen next?
Completion of sub-wave z indicates that the corrective wave has ended. Price has started forming sub-waves of wave 5.
The sub-wave z of wave ((4)) has formed a descending channel.
If the price breaks descending channel and close above sub-wave ((b)) at 237, it will confirm the impulsive behavior.
(Note that the ending point of the corrective wave is the starting point of an impulsive wave.)
A trader can expect the following targets:237-250-279-297+
Target 1: 237
Target 2: 250
Target 3: 279
Target 4: 297+
The safe traders can wait for the breakout of wave X.
If the price fails to break the wave X, correction is about to make a new leg down.
They can enter on the pullback to enter where they can manage risk with tight stop loss.
Invalidation: pullback can't break the low of wave ((4))
ApolloTyre - Ready to break the boxPrice getting ready to break the box with strong green candles after making a double bottom, this indicates this time it will definitely break the box and reaches the next resistance levels as marked.
If CNXAUTO breaks the ATH then these Bull stocks also moves along with that flow, choose your stock easy !!! :)
Buy Apollo tyresStock has broken out on daily charts with huge volumes and bullish candle. RSI took support from 60 and crossed previous swing indicating bullishness. 20 EMA crossover 100 & 50 EMA from below . However, ADX indicates weak trend but raising. Best buy at 239. SL 230. Near term target is 260.
