APOLLOTYRE trade ideas
Clear breakout in Apollo TyresBreaking short term trend line resistance and having support at long tern horizontal line.
pullback , Up trend ,support from trend line in apollo tyrepullback , Up trend ,support from trend line in apollo tyre
#Apollotyre cash : Looks good above 227.50#Apollotypre cash
22.03.2021
Looks good above 227.50
stoploss 224
Tgt 230/233
Cmp 224.40
APPOLOTYRE resistance will act as support can give 20% move upI will buy Apollotyre because :
The price broke the resistance.
It showed a good move upwards after breaking Resistance.
The price is now at support the resistance may act as SUPPORT.
Entry : 210
Target : 260/300
Stop loss : 194
APOLLO TYRE: Yet another Support Candidate (6 Months TL)➰Hanging man followed by full body bullish candle with less upper wick and more lower wick.
Head and shoulder patternSell on breakdown below 225 for Target- 200
Levels well mentioned on the charts clearly, REMEMBER -This is my personal opinion and does not guarantee any success,do your own research before you actually trade in this stock
Apollo TyresGo with the Nifty Trend. If nifty moves up Buy around 202 - 208 range for a good return in 1 month
Apollo Tyre at Trend LineApollo Tyre seems to be taking support at the trend line
if u see the Weekly chart the retracement has taken place on low volumes
as per my belief it will take support on this trnd line and may go Up , There are 2 fibo resitance
where it may find some difficulty
Rsi is also below 50
Just my Thought :D
Apollotyre | Sandwich Candlestick Pattern spotted 🎯 EDUCATIONAL POST
⭕ Positional Trading opportunity ! Weekly Chart Alert !!!⭕
--Buy above =244.20 or CMP
--Target = 293
--Stop-loss = 225
--R:R =2.65
--Expected Profit = (20% )
--Expected Holding = 1 Months only
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) stock has formed sandwich candlestick pattern
2) Volume is very high
3) stock has just crossed 200 ema
4) Target is based on resistance zone at all time high
5) there is a trendline support as well
Guys check out the related ideas as well, it will work really well GUARANTEED !
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✍COMMENT Below your view !
long position (buy)after MRF Apollo is 2nd highest market share in Tyre industry.
good management and low cost of material will good for the company .
earning is increasing ! a very good long term bet stocks !
Watch for a breakout or swing opportunity in APOLLOTYREWatch for a breakout or swing opportunity in APOLLOTYRE
Finocci Levels for ApollotyresPositional investors may go long from here with medium term target around 300.
M shape chart formed in APOLLO TYRE APOLLO TYRE an M shape
at levels 193-255
265- 230
234-257
TARGET 257
Watchout for Resistance breakoutThe stock looks good above 251 level - (255-256) is some resistance.
