APOLLOTYRE trade ideas
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.
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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.
Apollo tyre FLag BO on daily & weeklyNSE:APOLLOTYRE
buy near 233 - 236
only risky trader can enter now at 240-243
SL closing below 225
T 247, 260
above 260 as weekly flag can see 280 & 320
APOLLO TYRES LONG CONSOLIDATION TARGET 289APOLLO TYRES under long consolidation. Monthly and weekly breakouts will be near. Target 289
APOLLOTYRE: BULLISH Breaking out of the ending diagonal , Apollo tyres is all set to resume its lager uptrend. For short term buy with SL of 213 & look for the target of 235-240
Long ApollotyreLooks like Flag pattern and wedge pattern within Flag both are bullish in nature . Data is positive
Apollo tyres buy above 217.50Hello guys, hope you are doing well.
Apollotyres has given a parallel channel breakout, last time it did this there was a good upside momentum
Buy above - 217
Targets are marked above in the chart.
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APOLLO TYRE after breakoutviews are purely educational.you are solely responsible for any decisions you take on basis of my research
sl 210
Apollo Tyres Ltd - 07.01.2022Apollo Tyres Ltd - 07.01.2022
The stock is trading @ 233 levels
There is a strong resistance zone @ 239 levels
The prices are above ema
There is a Triple MACD Bullish Divergence in Weekly Chart
Stochastic is overbought
RSI is overbought
watch out for the price actions
this auto stock is ready for 25 % move combination of this 4 trend at a time will give a great return
#Apollotyre cash : Looks good around 213-214 #Apollotyre cash -Positional call
28 Dec 2021
Buy above 213-214
stoploss 208
Target 221/232
Cmp 215.05
chart into consolidation phase from last one yearNSE:APOLLOTYRE
Expecting a upmove in coming session.
consolidation phase between 200 - 240.
Support Level Apollo Tyre (Week Time Frame)Hi Everyone,
This is Apollo Tyre and it is now on the support zone. You can go and check yourself before making any short or Long Position.
Apollo Tyres Ltd - 23.12.2021Apollo Tyres Ltd - 23.12.2021
The stock is trading @ 210 levels
Let the prices go above 215
There is a MACD Bullish Divergence in Weekly Chart
The prices are near EMA
One can initiate a buy position above 215 with support @ 207
Watch out for the price action
Head and Shoulder PatternTime Frame 1D. Head and Shoulder Pattern Formation. Bearish trend. SHORT Target set for next 7 days
