APOLLOTYRE trade ideas
APOLLO TYRES LONGApollo Tyre has good fundamental and staying strong with NIFTY. Short term target for the stock is market.
the CMP is squeezing which indicates a good uptrend in the stock.
the delivery in stock is only 20% that is a concern for not expecting much in the stock.
fundamentals.
Apollo Tyres reported a 270.5% year-on-year (y-o-y) increase in consolidated net profit of ₹289 crore for the quarter ending 31 March, as vehicle production returned to pre-covid levels in India and foreign markets.
The revenue from operations during the quarter improved by 38.99% y-o-y to ₹5,026 crore. The operating profit or earnings before interest, tax, depreciation and amortization (Ebitda), also jumped by 69% y-o-y to ₹815 crore due to the overall improvement in sales and costing cutting measures taken by the company.
Despite swift recovery in sales, tyre manufacturers are expected to witness pressure on operating margins due to continuous increase in commodity prices.
Apollo Tyres - Cup and handle patternApollo Tyres has formed cup and handle pattern in 2h TF
Good pickup in volume
Taken support from 200EMA in daily TF
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Segan
Apollo TyresApollo Tyres has formed a good Flag and Pole pattern in 1W candlestick chart. Expecting Target 1 261 and Target 2 305 with a stop loss of 190 with a candle closing.
Apollo Tyres rising channelBreakout from falling channel and back in rising channel. Retest done.
Channel Bottom.
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apollotyre longBO above 120 With good volume now retesting BO Level
resistance become support
bullish above 130 with sl below 110
target 1:1
APOLLOTYRE
Hello Traders,
I see a long opportunity here! keep a check on levels!!
BUY Oppurtunity ***APOLLOTYRE*** at 206 for Targets 216/220/ with SL Placed at 197
Keep watch this space for more such ideas !!
Happy trading !
Regards,
Mind-Muscle
Apollotyre- Weekly Chart Long SetupApollotyre has a weekly uptrend in place and after some rest it can possible start the upmove again.
Buy Apollotyres @ 208
SL @ 198
Take Profit @ 232-240
Apollo Tyres Breakout After multiple fake breakouts post crossing resistance levels, Apollo Tyres forming a cup and handle for a bullish rally.
This is further supported with latest Quarterly results as Apollo Tyres Reports Robust Recovery in the earnings of March Quarter 270.5% year-on-year increase in consolidated net profit at Rs289 crore for the March quarter.
Apollo Tyres Breakout After multiple fake breakouts post crossing resistance levels, Apollo Tyres forming a cup and handle for a bullish rally.
This is further supported with latest Quarterly results as Apollo Tyres Reports Robust Recovery in the earnings of March Quarter 270.5% year-on-year increase in consolidated net profit at Rs289 crore for the March quarter.
(Intraday) View Long opportunity in Apollo tyreTrendline Resistance about to breakout
Apollo Tyre
Buy - 223
Target - 226.2
Stoploss - 220.8
APOLLOTYREAPOLLOTYRE is looking bullish above 228
Good R:R ratio
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Apollo Tyre to take long entryLong Apollo after the BO of resistance level above 225 TGT 240 SL 216. Seen cup & handle pattern forming on the charts showing the buyers are in control. This is for your educational purpose only.
Broadening TopPrices breakout above resistance about half the time and below support the other half of the time.
APOLLOTYRE - BuyApollotytre looks like as it recently broke out from the down trend and almost retested the BO area, We can also see hammers around that area. Todays closing is very important, Buy above 223. Target and SL is on chart.
Apollo Tyre Bullish BiasnessLook at the structure
Volume contraction
Price is making lower highs
whereas RSI isnt making lower high
this is called Divergence
