APOLLOTYRE trade ideas
Descending Triangle in Apollo Tyre on weekly chartApollo tyre is trading in descending triangle on the weekly chart. Long opportunities after a breakout 240+.
Apollo tyres Swing tradeGo Long if candle closes above trendline with good volume
Stoploss Nearest Support
Target 30 %
Long in Apollo TyresThis scrip is in an uptrend since covid crash and now it had formed a symmetrical triangle pattern. I expect a breakout from this scrip in coming days as its been in an uptrend it looks a correction to me. Swing traders who can hold this for weeks may consider to long the scrip after the breakout with SL below the Support line and with first target of previous swing high.
Apollo tyres symmetrical triangle likely breakout Buy apollo tyres around 208-209 after it bounces back
SL- 195
TGT > 230-240
Apollo Tyre 650 ? PossibleWhile I made some money in shorting apollo tyres recently, on a zoomed-out view this looks like a large flag and pole pattern. Two large targets of 400 + and 600+ are visible.
Just fyi I am not bullish on auto sector for a while. I hope apollo tyres has something up their sleeve which can pull this out.
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
Only for learning PurposeSelf explanatory Chart. Not a trade recommendation only for learning Purpose 🙂
GOOD level to Buy it is good fall and getting up moments and these sector is going to rock in next two three months so keep on eyes.
[ INTRADAY ] APOLLOTYRE LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Apollo Tyres - Long CallAfter Long Consolidations Stock taking support at Trend Line & Rising
Volume Suggest it may cross & Retest POC and start Edging Higher
Tgt of 250/270 may be seen soon
Apollo tires analysis on 30min and 15 min chartApollo tyres create a bearish flag pattern.
It may touch the support of 200.
let me know your comments on this.
apollotyre buy for invesmentbuy near 192 stop loss 172 , for target 258.
please take your advice from your financial advisor before taking any trade.
all the best
Breakdown in APOLLOTYRE, How to go Short on a Stock!!!NSE:APOLLOTYRE
APOLLOTYRE which was Trading in a down channel has gone bearish and gave a breakout on downside of the channel
below 207.5 the stock has high chances to fall till 200 and if 200 breaks which has most PUT writing then more fall is expected
Currently Selling pressure in Major indices and fear mood of market would Help us going short on it.
Also PUT Unwinding has started in ATMs and ITMs
Conditions for going short
1. we need a breakout on a Support or a supply zone and closing below it
2. Trade would be more accurate if the breakout is on higher time frames such as 1D Time Frame
3. Selling Volumes must be higher, which would indicate a Heavy selling
4. If the selected Stock Contributes to any Index with good weightage then we must also consider
the Index performance and mood too for additional Assurance.
5. If the Stock has FnO then we must see that is any PUT Unwinding.
6.See if the Stock goes below 50dma.
Price action In Apollo TyresWe can expect some good move if stock
gives closing above 228 levels with sufficient
volume ( Written Downside ) then we can easily
see 240 lvls in Upcoming Days.
One Can Trade in Intraday Also.
apollo tyre trendline break downapollo tyre going above a trendline break down
Revenue CAGR of ~17% being
targeted amid CV, PV tailwinds in
India and industry-beating growth
in Europe
Margins sought to be maintained in
excess of 15%, with RoCE at 12-
15% and net debt to EBITDA at <2x
ICICI Direct target of apollo tyres is 275 per stock
APOLLO TYRES for swingAfter a good uptrend Apollo Tyres was in consolidation which is making a flag and pole pattern. We can see the breakout of this pattern and a very good uptrend. So keep an eye on this stock for a swing trade.
Comment down your thoughts below.
Apollo Tyres Looking weakHead and shoulders breakout and retest completed in Apollo tyres... One can expect the levels of 200..
Apollo TYRESApollo TYRES
Buy @ CMP 229
1st Target - 240 Short term
2nd Target - 251 long term
If it Falls support at 215 levels
Apollotyres breakout soon🏋⭐⭐⭐⭐⭐Apollotyres breakout soon target 260 rs because of technical shart showing chart pattern breakout soon and recently quarter result is good so probability chances is high for my target level 😍⭐⭐⭐⭐⭐
