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APOLLO TYRES LTD.APOLLO TYRES LTD.APOLLO TYRES LTD.

APOLLO TYRES LTD.

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APOLLOTYRE trade ideas

APOLLO TYRES: Bullish Peannant Upside 20%Stock is in an uptrend for the last 2 months moving with 0.3-0.5 fib retracement. Now pennant is been formed for the next bull run with 20% return in between next 2-3 months if broke the current higher high. Points to be Note (Technical + Fundamental) 1. Pennant Structure 2. In up-trend for last 2 months 3. Fib levels are 0.3-0.5 & Relative strength restest the positive level. For now, you have to just look at the breakout. 4. Above Critical demand zone 5. P/BV ratio is highly above 1 6. P/E is considerable to Industry standards (double) 7. Net profit is significantly increased 8. Reserves are increased by 15% 9. Promoters have diluted their shares 10. For sure Apollo will hit the 20% up. As their peer, the JK tires is in bull run form last 6 straight sessions 7. ROCE is affected but above YOY 2020 is 10% Let me know in the comments what's your views?
NSE:APOLLOTYRELong
by rajveerscolia
APOLLO TYRES 🎡🎡APOLLO TYRES Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade Check these Upcoming ideas - STILL ACTIVE Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below If you like my analysis do like & follow me as a token of appreciation. If you have any queries on any stock let me know. Leave a comment that is helpful or encouraging. Let's master the markets together
NSE:APOLLOTYRELong
by thestockengineer