APOLLOTYREAPOLLOTYRE is looking bullish above 228
Good R:R ratio
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APOLLOTYRE trade ideas
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
ApolloTyres with Caution1.) A very beautiful cup & handle pattern is forming, Technically we can Go Long on Apollo Tyres as of now.
2.) But as we also know that many car & Bike manufacturing company shut down there plants so it will also affect Tyre making company business so we have to very be cautious.
3.) Quarterly results upcoming.
4.) Technical Indicators suggesting strong buy.
APOLLOTYRES BREAKED PATTERN, RETESTED AND CLOSED ABOVE 200EMA INTRADAY PLAYERS CAN ENTER THIS TRADE AT CMP WITH THE STOPLOSS BELOW 200EMA OR 50EMA.
Apollo tyres 1) Cup And Handle pattern
2) Good expected quarterly results
BUY@214
TARGET 247 , 260
STOPLOSS 199
APOLLO TYRES EQUITY levels ...04/05/2021 (D candle)😊APOLLO TYRES EQUITY levels ...04/05/2021 (D candle)
APOLLOTYRE - Swing TradeAPOLLOTYRE has given breakout from the downtrend resist line with good volume & now retesting the trendline & the support at 215 level.
This support level is a confluence of 50 EMA (4H)/200 EMA (1H) & Fib level 0.5.
On weekly (1W) TF, it formed morning star formation from strong support along with the golden cross (50 EMA crossing 200 EMA).
A possible long position on bullish confirmation with given targets.
APOLLOTYRE nearing REVERSE after retestWait for retest to start the BULLISH trend
The price may come down to 200 ~ 193 levels
If it goes above 223, possible to reach 237.
If it goes below 212, possible to reach 193
As per the chart the BULLISH trend starts from 193 levels
APOLLOTYRES BREAKED PATTERN, RETESTED AND CLOSED ABOVE 200EMAONE CAN GO LONG IF SUSTAIN THE PRESENT LEVEL SUPPORTING THE INDEX ON MONDAY...BULLISH OVERALL
Apollo Tyres Looks Good !!!APOLLOTYRES : cmp : 212.75
Good support zone near 198-207
Bounced back form support .
TGT 222/234/248
Sl 198 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
APOLLO TYRES BULLISH CUP & HANDLE PATTERNApollo Tyres forms Cup & Handle pattern on Weekly chart.
Volume in the downtrend handle looks low.
Also, has given a weekly crossover between EMA50 & EMA200.
If gives handle breakout, one can enter a long position for mentioned short term & long term targets.
Stop Loss is mentioned.
Long term investors can wait for targets of 350-360.
Note: This is only for educational purpose. Trade at your own risk.
Head & Shoulder View: Bullish
First shoulder and head done, again stock moving to create shoulder.
Target: 224
Stoploss: 200
Apollo tyres buy!Apollo tyres looks a buy in harmonic pattern. If market goes in positive direction then we might see some upside movement in this stock. Buy near 200 SL 192 TGT 1 : 222 , TGT 2 : 229. Try to book on a risk reward of 1:2 and dont wait for the exact targets as market is very uncertain. This post is for educational purpose only
Disclaimer post: We are not sebi registered analyst, plz do your own analysis before investing. we are not responsible for any of your losses
#Apollotyre cash : Keep investing in Sip format #Apollotyre cash - Investment call
27.04.2021
Keep investing at 170-200 zone..
for 240/280 in coming days
Cmp 205
