Apollo Tyres above 248.75Apollo Tyres above 248.75 for 15 mins with stop below 237 can show 258 and 269
APOLLOTYRE trade ideas
Cup and Handle Pattern in APOLLOTYRECup and Handle Pattern in APOLLOTYRE, watch for breakout opportunity.
Apollo Tyre Fibo + Demand Zone + Multi time Frame In 15 mins stock is nearby its lower trendline, Currently undervalued as shown by the valuation band in 1st chart. Also standing on Demand zone.
In 2Hrs timeframe it has completed 61.80% retracement and also nearby 100 ema.
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
APOLLO TYRES - Strong AccumulationApollo Tyres is in a range bound where we can spot strong accumulation. Price takes good support at previous resistance zone. One can accumulate when the price is in the accumulation zone and as the price breaks the high of the mother candle we could see some good up move with momentum.
Price might stay in this zone for a few days. More the accumulation time, stronger will be the breakout momentum !
Please trade considering your risk appetite !
APOLLO TYRE - Get ready to explodeAfter breaking out with High Volume, Stock going in accumulation for long
Should continue upward move.all observations on chart.
Could've been good BTST trade, expecting anew swing high.
Above 255 i.e. current swing high, can touch 275 as per fibonacci levels
apollotyre made a high of 243 We shared apollo tyre at support of 236 yesterday.
Today the same support was a resistance as per parallel channel and it broke to touch a high of 243 ( which another resistance) if you see at the top .
One only needs to decides which line to trade and then go with conviction and little risk.
1. triangle pattern
2 or downtrend symmetric channel pattern NSE:APOLLOTYRE
Apollo tyre is range bound and waiting for a breakout NSE:APOLLOTYRE I have used 1 hour time frame
236 seems to be a very strong support
If market is bullish we can go long at 236-239 for a target of 247 for swing traders and intraday traders wait for breakout at 247.
Some people prefer range bound trading, can buy between 236 to 247 anytime
If we make the time frame to 15 min, more buying opportunities can be seen
Remember : Dont always look for price, confirm with RSI and MACD and SQZMOM indicator along with good volumes
Apollo TyresWait for a proper BUY signal. I will update the same in Update Idea section. All the probable reversal zones ie. the retracements and trendline has been drawn. Be cautious and don't hurry to initiate a LONG position. Its okay if we miss the stock and the stock moves upwards. But buying or selling a stock without knowing the consequences is really dangerous.
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Chart and Analysis By - Adarsh Dey
Great return in APOLLOTYRE based on my previous chart analysisOn Jan 20th published a breakout opportunity around 201-203 levels in the APOLLOTYRE.On 25th Jan the price is reached 240 level. I hope you guys are booked the profit, Apologize for the delayed update.
The previous chart analysis is included in "RELATED IDEAS".
Trendline breakout on APOLLOTYRE.The stock has broken above a multi-year resistance trendline and has completed a pullback. More upside can be expected in the coming days.
All levels mentioned in the chart.
Bullish trend in Apollo TyresApollo Tyres
The company has made Two fold increase (consolidated ne profit of ₹444 Crores) in its third quarter ended December.
Trend Based Fib-ABC pattern:
CMP: 191.65
Stop loss: 192.4
Target 1: 206.05
Target 2: 214.5
Target 3: 221.30
All target achieved
DMI indicator:- +DI cross over -Di on 19 Jan and as on date ADX indicate the bullish trend will continue in coming time.
Apollo Tyres Good buy for Investment.I am sharing Apolotyre for the long term investment .
Keep in mind that it is a vision on a monthly chart, so it probably has a time horizon of years.
It generated a great bullish momentum from 2013 - 2015.
After this abrupt rise, we see a great corrective process that lasted from 2015 -2016
After that a huge upside move seen from 2016-2018 and
then we saw a huge correction from ATH and it lasted frm 2018- april 2020.
Now its rebounding.
The next resistance zone is 194-200 level.
So it may be a good buy for the tgt of 200/226/248/265/298
Good buying Zone may be 160-170..
Disclaimer: Ideas for learning Only.
Learn Regularly. NOT Occasionally.
stay long - reasoning belowmomentum rsi study
hourly=76 > 4h=73 > daily=70 > weekly=68
all big time frames above 55mark
as per this parameter - stay long till
daily rsi close is above weekly close
weekly time frame can be kept
as support trend line for long
rounding pattern neckling cross on 4hour tf
weekly chart below for reference
