APOLLOTYRE trade ideas
APOLLOTYRE August 2021 study
Risk Disclaimer:
All information herein is for your educational purposes and not a financial advice.
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apollo tyres symmetrical traingle1- formation of symmetrical traingle with tight consolidation
2- good price action respecting both the trendlines
3- with very narrow cpr
4- one can enter after breakout conformation
[POSITIONAL] APOLLOTYRE LONG BET Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume.
risk: Reward is 1:2
Rest as per charts.
Apollotyre ready to speed upTyre sector on roll
Symmetrical triangle Breakout above 245, can move to 260 resistance next
long long longelliot wave ka correction complete hone wala hai. jo flag ke pattern ko bhi bana raha hai.
Apollo Tyre Ready for big move? Major Support Formation
CMP 229
SL 215
Short Term TGT 250
Above all Moving Averages
Discalmer : For Educational Purpose
APOLLOTYRE - Respecting Major Support | Bullish ViewNSE:APOLLOTYRE
Highlights:
Respecting Major Support
Bullish Market Structure
Strong OI build up at 240 & 250
Use an appropriate Risk - Reward ratio as per your strategy.
Disclaimer: This is NOT investment advice. This chart is meant for learning purpose only. Invest your capital at your own risk.
Contra Bet in Apollo tyresThis is a contra bet and the trade triggers only above 226. It is a contra bet because the entire auto sector has been underperforming due the the rise in commodity prices.
Trade triggers on sustaining above 226
Stoploss of 220 hourly close basis. SL is moderately small as it is a contra bet.
Targets have to be trailed and if it manages to break above the trendline then RR becomes very good.
ASCENDING TRIANGLE PATTERN ANALYSIS 02.08.21BUY : 223 TO 209
TARGET : 298
Reason For Buying This Script :
In this script it is forming ascending triangle pattern in weekly time frame. Now it is waiting for breakout, Try to accumulate in lower level.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
The neckline has been broken. The stock formed a double top and also it has broken its neckline.. And closed below its neckline..
Buy apollo tyrestyres sector looks bullish as uou can see smp is the support of apollo tyres which can any time shot up for 235+ the reason behind this y tyre sector is bullish is ceat future plans and i have also attached ceat chart analysis you can check it and if you liked this idea press the like button
Apollo Tyres is about to BREAK!!Apollo Tyres is forming a Symmetrical triangle pattern, breakout on either side can give a huge movement. Keep an eye on it. Breakout on the above side can result into a new high as well whereas on the other side it can fall back upto 175-180.
